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Iowa Free Printable IA1041 Fidicuary income tax return (63001) for 2021 Iowa Fiduciary Return 63-001

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Fiduciary Return 63-001
IA1041 Fidicuary income tax return (63001)

2020 IA 1041 Iowa Fiduciary Return tax.iowa.gov For Calendar Year 2020 or fiscal year beginning (mm/dd) ______ / ______ , 2020, and ending (mm/dd) ______ / _____ , 20 ______ Check Applicable Boxes: Initial Return ☐ Final Return ☐ Amended Return (Include IA 102) ☐ Is an IA 706 Being Filed? Yes ☐ No ☐ Is Income Tax Certificate of Acquittance Requested? Yes ☐ No ☐ Check One: Estate ☐ Grantor Trust ☐ Simple Trust ☐ Complex Trust ☐ Bankruptcy Estate ☐ If trust, check one: Testamentary ☐ Inter Vivos ☐ Name of estate or trust: ________________________________________________ FEIN: __________________________________ Name and title of fiduciary: ______________________________________________ Decedent’s SSN: _________________________ Address of fiduciary (City, State, ZIP): _____________________________________________________________________________ Iowa County in which estate is pending:______________ Probate number: _________________ Date of death: ________________ Name of attorney: _____________________________________________________ Attorney phone number: ___________________ Mailing Address (City, State, ZIP): ________________________________________________________________________________ Authorization is granted to the attorney listed above to receive confidential tax information under Iowa Code section 421.60 to act as the trust or estate’s representative before the Iowa Department of Revenue and to make written or oral presentations on behalf of the trust or estate. Income 1. Taxable interest income .............................................................................................................. 1. _______________ 2. Ordinary dividend income ............................................................................................................ 2. _______________ 3. Income from partnerships and other fiduciaries. Include supporting schedule ............................ 3. _______________ 4. Net rents and royalties ................................................................................................................. 4. _______________ 5. Net business and farm income (loss). Include schedules C and F, federal form 1040 ............... 5. _______________ 6. Net gain (loss) from capital assets .............................................................................................. 6. _______________ 7. Ordinary gains (losses). Include federal form 4797 ..................................................................... 7. _______________ 8. Other income. See instructions ................................................................................................... 8. _______________ 9. Total income. Add lines 1 through 8 ............................................................................................................................... 9. _____________ Deductions 10. Interest. Enter on IA 1041 Schedule D ........................................................................................ 10. ______________ 11. Taxes. Enter on IA 1041 Schedule D........................................................................................... 11. ______________ 12. Fiduciary fees. Enter on IA 1041 Schedule D .............................................................................. 12. ______________ 13. Charitable deduction from income in compliance with will or trust instrument ............................. 13. ______________ 14. Attorney, accountant, and return preparer fees. Enter on IA 1041 Schedule D .......................... 14. ______________ 15. Other deductions. Enter on IA 1041 Schedule D ......................................................................... 15. ______________ 16. Total Deductions. Add lines 10 through 15 .....................................................................................................................16. ____________ 17. Balance. Subtract line 16 from line 9 .............................................................................................................................. 17. ____________ 18. Distributions to beneficiaries. Include federal schedule K-1 for each beneficiary ........................ 18. ______________ 19. Federal Estate tax attributable to income in respect of a decedent (fiduciary’s share) ............... 19. ______________ 20. Qualified business income deduction. 25.0% (.25) of federal amount. See instructions ............. 20.______________ 21. Total. Add lines 18 through 20 ........................................................................................................................................ 21. ____________ 22. Taxable income of fiduciary. Subtract line 21 from line 17. Must be zero on final return ............................................22. ____________ Computed 23. Compute tax from rate schedule. See instructions .........................................................................................................23. ____________ Tax 24. Iowa lump-sum tax. Include federal Schedule 4972 .................................................................... 24. ______________ 25. Iowa alternative minimum tax. Include IA 1041 Schedule I ......................................................... 25. ______________ 26. Tax before credits. Add lines 23 through 25 ...................................................................................................................26. ____________ 27. Personal exemption credit. Enter $40 or the amount on line 26, whichever is smaller ............... 27. ______________ 28. Out-of-state or nonresident tax credit. Include copy of out-of-state return and Schedule IA 130 or IA 1041 Schedule C .................................................................................... 28. ______________ 29. Other nonrefundable Iowa credits. Include IA 148 Tax Credits Schedule .................................. 29. ______________ 30. Iowa income tax withheld. Include federal form(s) 1099 or other supporting documentation ...... 30. ______________ 31. Estimated tax paid to date .......................................................................................................... 31. ______________ 32. Motor fuel tax credit. Include Schedule IA 4136 .......................................................................... 32. ______________ 33. Other refundable credits. Include IA 148 Tax Credits Schedule …………………………………...33. ______________ 34. Total credits. Add lines 27 through 33 ............................................................................................................................ 34. ____________ Tax Due 35. Tax Liability. If line 34 is smaller than line 26, enter the difference .................................................................................35. ____________ 36. Refund. If line 34 is larger than line 26, enter the difference ..........................................................................................36. ____________ 37. Penalty and interest 37a. Penalty __________ 37b. Interest ___________ Add. Enter total .........37. ____________ 38. Amount Due. Add lines 35 and 37. Submit with form IA 1041V or IA 103 as appropriate ..............................................38. ____________ Mail to: Fiduciary Return Processing, Iowa Department of Revenue, PO Box 10467, Des Moines, IA 50306-0467 When you pay by check, you authorize the Department of Revenue to convert your check to a one-time electronic banking transaction Sign Here Declaration: I, the undersigned, declare under penalties of perjury or false certificate, that I have examined this return and, to the best of my knowledge and belief, it is true, correct, and complete. Signature of fiduciary or officer representing fiduciary: __________________________________________ Date: _______________________ Signature of preparer other than fiduciary: ___________________________________________________ Date: _______________________ Preparer PTIN: _____________________ Address: ________________________________________________________________________ 63-001a (09/01/2020) 2020 IA 1041 Fiduciary Schedule A Schedule A – Background Information: Answer all applicable questions. 1. Date estate was opened or created:__________________________________________________________________________________ 2. Decedent’s age at death: __________________________________________________________________________________________ 3. Was a decedent’s final return filed? ................................................................................................................................................Yes ☐ No ☐ 4. Did will of decedent create trust? ....................................................................................................................................................Yes ☐ No ☐ 5. Decedent’s business or occupation: _________________________________________________________________________________ 6. Did decedent file IOWA return(s) up to the date of death? ... Yes ☐ No ☐ If no, include earnings statement or explanatory affidavit. 7. Enter decedent’s name and address: _________________________________________________________________________________ ________________________________________________________________________________________________________________ 8. Name and Social Security Number of decedent’s spouse, if any: ___________________________________________________________ 9. Enter name(s) of executor(s): _______________________________________________________________________________________ 10. Enter date(s) and amount(s) of executor’s fees paid to executor(s): _________________________________________________________ 11. Has a prior return of decedent or the estate or trust been subject to federal audit? Yes ☐ No ☐ Is an audit now in process? Yes ☐ No ☐ 12. Have expenses of administration or selling expenses been deducted for federal estate tax purposes? .......................................Yes ☐ No ☐ 13. Did you as fiduciary withhold on income distributions made to nonresident beneficiaries? ...........................................................Yes ☐ No ☐ 14. Does the estate/trust elect to recognize the gain (loss) on a distribution of property under IRC section 643(e) (3)? ....................Yes ☐ No ☐ 63-001b (09/25/2020)
Extracted from PDF file 2020-iowa-form-ia-1041.pdf, last modified September 2020

More about the Iowa Form IA 1041 Corporate Income Tax Tax Return TY 2020

We last updated the Fiduciary Return 63-001 in April 2021, so this is the latest version of Form IA 1041, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form IA 1041 directly from TaxFormFinder. You can print other Iowa tax forms here.

Related Iowa Corporate Income Tax Forms:

TaxFormFinder has an additional 43 Iowa income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Iowa Form IA 1041.

Form Code Form Name
Form IA 1041 Instructions Fiduciary Tax Return Instructions 63-002
Form IA 1041V Iowa Fiduciary Income Tax Payment Voucher
IA 1041-C Schedule C Computation of Nonresident's Tax Credit

Download all IA tax forms View all 44 Iowa Income Tax Forms


Form Sources:

Iowa usually releases forms for the current tax year between January and April. We last updated Iowa Form IA 1041 from the Department of Revenue in April 2021.

Show Sources >

Form IA 1041 is an Iowa Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Iowa Form IA 1041

We have a total of ten past-year versions of Form IA 1041 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form IA 1041

IA1041 Fidicuary income tax return (63001)

2019 Form IA 1041

IA1041 Fidicuary Income Tax Return 63,001

2018 Form IA 1041

IA1041 Fidicuary income tax return (63001)

2017 Form IA 1041

IA1041 Fidicuary income tax return (63001)

2016 Form IA 1041

IA1041 Fidicuary income tax return (63001)

return only 63-001 2013 Form IA 1041

Iowa Fiduciary Return

2012 Form IA 1041

Iowa Fiduciary Return

2011 Form IA 1041

Iowa Fiduciary Return


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