Home Business & Finance Enterprises Extensions Under Iowa Code Section 421.17(30) Due to Proclamation of Disaster Emergency

Extensions Under Iowa Code Section 421.17(30) Due to Proclamation of Disaster Emergency

On March 9, 2020, Governor Reynolds signed a Proclamation of Disaster Emergency in response to the recent outbreak of the COVID-19 virus. As a result, pursuant to Iowa Code section 421.17(30), to ensure the efficient administration of tax laws the Director of the Department of Revenue hereby issues the following Order:

A. Extension of filing and payment deadlines for income, franchise, and moneys and credits taxes

For Iowa residents or other taxpayers doing business in Iowa and required to file Iowa returns, the deadline for filing the following Iowa tax forms and any associated tax payments (excluding estimated payments) with a due date on or after March 19, 2020, and before July 31, 2020, is hereby extended to July 31, 2020:

  • IA 1040 Individual Income Tax Return and all supporting forms and schedules
  • IA 1040C Composite Return and all supporting forms and schedules
  • IA 1041 Fiduciary Return and all supporting forms and schedules
  • IA 1120 Corporation Income Tax Return and all supporting forms and schedules
  • IA 1120F Franchise Tax Return for Financial Institutions and all supporting forms and schedules
  • IA 1065 Iowa Partnership Return and all supporting forms and schedules
  • IA 1120S S Corporation Return and all supporting forms and schedules

B. Penalties and interest

No late-filing or underpayment penalties shall be due for qualifying taxpayers who comply with the extended filing and payment deadlines in this Order. Interest on unpaid taxes covered by this Order shall be due beginning on August 1, 2020 for payments described in section A.

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