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Level 1
July 23, 2024
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1120F Iowa Franchise Return for Financial Institutions - form needs added to 1120 Corporate module for 2024 returns

Related products:Lacerte
  • July 23, 2024
  • 1 reply
  • 25 views

1120F - Iowa Franchise Return for Financial Institutions needs to be added to the 1120 Corporate module for 2024 tax year. See Form #43-001a/#43-001b on Iowa Department of Revenue website. Iowa has mandatory e-filing under certain conditions. Our clients do not qualify for an "OPT OUT OF EFILING FORM" with Iowa, as per the Iowa Franchise instructions #43-008a. E-filing for our clients IA 1120F Franchise Tax for Finl Institutions form is required, but form does not currently exist in Lacerte 2023 or 2022.  We have asked for this to be added for two tax-seasons now, and it still is not available. 

1 reply

Level 2
September 2, 2026

IA 1120F had been mandated by law to be e-filed as of TY22. This is still outstanding as of TY25 and heading into TY26. We are requesting that the IA 1120F be added to both the 1120 and 1120S modules with e-filing capabilities.