Form Ia 128 - Iowa Research Activities Tax Credit - Iowa Department Of Revenue 2015
Download a blank fillable Form Ia 128 - Iowa Research Activities Tax Credit - Iowa Department Of Revenue 2015 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Ia 128 - Iowa Research Activities Tax Credit - Iowa Department Of Revenue 2015 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1Iowa Department of Revenue
2015 IA 128
https://tax.iowa.gov
Iowa Research Activities Tax Credit
Name(s)
SSN or FEIN
Pass-Through Entity (if applicable) _______________________________________________________
Pass-Through FEIN ___________________________ Tax Period Ending Date
PART I – Calculation of U.S. Qualified Research Expenses
1. Certain amounts paid or incurred to energy consortia ................................................ 1.
2. Basic research payments to qualified organizations................................................... 2.
3. Qualified organization base period amount ................................................................ 3.
4. Subtract line 3 from line 2. If zero or less, enter zero ................................................. 4.
5. Wages for qualified research services ........................................................................ 5.
6. Cost of supplies used in conducting qualified research .............................................. 6.
7. Rental or lease costs of computers used in conducting qualified research ................ 7.
8. Applicable portion of contract research expenses ...................................................... 8.
9. Total qualified research expenses. Add lines 5 through 8 .......................................... 9.
10. Fixed-base percentage to four decimals, but not more than 16.00% ........................ 10.
%
11. Average U.S. annual gross receipts for tax years 2011 through 2014 ...................... 11.
12. Base amount. Multiply line 11 by the percentage on line 10 ..................................... 12.
13. Subtract line 12 from line 9. If zero or less, enter zero .............................................. 13.
14. Multiply line 9 by 50% (0.5) ....................................................................................... 14.
15. Enter the smaller of line 13 or line 14 ........................................................................ 15.
16. Total allowable U.S. qualified research expenses. Add lines 1, 4, and 15 ................ 16.
PART II – Calculation of Tax Credit Based on Percentage of Research Occurring within Iowa
17. Certain amounts paid or incurred to energy consortia in Iowa ................................ 17.
18. Basic research payments to qualified organizations in Iowa ................................... 18.
19. Iowa apportioned qualified organization base period amount ................................. 19.
20. Subtract line 19 from line 18. If zero or less, enter zero .......................................... 20.
21. Wages for qualified research services performed in Iowa ....................................... 21.
22. Cost of supplies used in conducting qualified research in Iowa .............................. 22.
23. Rental or lease costs of computers used in conducting qualified research
in Iowa .................................................................................................................... 23.
24. Applicable portion of contract research expenses incurred in Iowa ........................ 24.
25. Add lines 21 through 24 .......................................................................................... 25.
26. Total Iowa qualified research expenses. Add lines 17, 18, and 25 ......................... 26.
27. Total U.S. qualified research expenses. Add lines 1, 2, and 9 ................................ 27.
28. Iowa share of research. Divide line 26 by line 27, enter percentage to four
decimals (ex. 72.18%) ............................................................................................ 28.
%
29. Expenses allocable to Iowa. Multiply line 16 by line 28 ........................................... 29.
30. Iowa Research Activities Tax Credit. Multiply line 29 by 6.5% (0.065).
Enter in column K of Part II on the IA 148 Tax Credits Schedule ............................ 30.
31. Supplemental Research Activities Tax Credit. See instructions. Enter in column K
of Part II on the IA 148 and include the tax credit certificate number in column J ... 31.
32. Pass-through Iowa Research Activities Tax Credit received from partnership,
LLC, S corporation, estate, or trust. Enter on Part II and Part IV of the IA 148. ...... 32.
33. Pass-through Supplemental Research Activities Tax Credit received from
partnership, LLC, S corporation, estate, or trust. Enter on Part II and Part IV
of the IA 148 and include the tax credit certificate number ..................................... 33.
IA 148 Tax Credits Schedule must be completed.
41-128a (07/13/15)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Ct-1120hh - Historic Homes Rehabilitation Tax Credit - Connecticut Department Of Revenue - 2014
Financial
Form Ct-1120hs - Historic Structures Rehabilitation Tax Credit - Connecticut Department Of Revenue - 2014
Financial
Form Ct-irf - Insurance Reinvestment Fund Tax Credit - Connecticut Department Of Revenue - 2014
Financial
Related Categories
Parent category: Financial