Iowa Corporation Income Tax
Iowa Department of Revenue
Payment Voucher and Instructions
Pay electronically using eFile & Pay on the Department's website:
Note: Penalties can only be waived under limited circumstances, as described in Iowa Code section
421.27.
Failure to Timely File a Return: A penalty of 10% will be added to the tax due for failure to timely file a
return if the return is filed after the original due date of the return and if at least 90% of the correct amount of
tax is not paid by the original due date of the return.
Failure to Timely Pay the Tax Due or Penalty for Audit Deficiency: A penalty of 5% will be
added to the tax due if the return is filed by the original due date and at least 90% of the correct
amount of tax is not paid by the original due date of the return.
When the failure to file penalty and the failure to pay penalty are both applicable, only the failure to
file penalty will apply.
Penalty for Willful Failure to File: A penalty of 75% will be added to the tax due for willful failure to
file a return or for filing with intent to evade tax.
Instructions for Payment Vouchers
1.
Period Ending: Enter the date of the calendar or fiscal year end. Use MMDDYY format. MM: two-digit
month. DD: two-digit day. YY: last two digits of the tax year. The “Period Ending” for December 31,
2014, would be entered as: 123114.
2. FEIN: Enter the Federal Employee Identification Number in the boxes provided below.
3. Payment Amount: Enter dollars and cents. The two boxes separated to the right on the “Payment
Amount” line are for cents. Do not enter any punctuation (ex: $, .).
4. Enclose payment with your voucher – do not staple – complete using blue or black ink
5. Mail your payment on or before the due date with this voucher to:
Iowa Department of Revenue
PO Box 10468
Des Moines IA 50306-0468
Iowa Department of Revenue
IA 1120V
Corporation Tax Payment Voucher
Corporation
Period Ending:
Name:
Address:
FEIN:
City, State ZIP:
Payment Amount:
Phone:
Mail to:
Make checks payable to:
Iowa Department of Revenue
Treasurer, State of Iowa
PO Box 10468
When you pay by check, you authorize the Department of
Des Moines IA 50306-0468
Revenue to convert your check to a one-time electronic banking
*1442019019999*
transaction.
42-019 (09/12/2014)