ProSeries Frequently Asked Questions

Files transfered from Tax Year 2006 ProSeries/Iowa Individual software may incorrectly list the Federal Telephone Excise Tax as additional federal tax paid.  This amount may incorrectly show on Form IA 1040, Individual Income Tax Long Form, line 33 and  Form IA 1040A, Individual Income Tax Short Form, line 7b. 

This situation has been reported to our development team.

 

 
2006 Federal Form 1040EZ with a Refund to 2007 Iowa 1040A

1. Form IA 1040A, line 5, does not include Federal telephone excise tax. Place the amount on the Form IA 1040A, Line 5 of the Federal Income Tax Refund Received Worksheet, Line D, 2006 Federal telephone excise tax credit.
2. If the amount of Federal telephone excise tax is included on Form IA 1040A, Line 7b of the Additional Federal Tax Paid for Prior Year Worksheet, Line A Federal tax paid in current year for prior years, reduce the number by the amount of the Federal telephone excise tax.

2006 Federal Form 1040 or 1040A with a Refund to 2007 Iowa 1040A

If the amount of Federal telephone excise tax is included on Form IA 1040A, Line 7b of the Additional Federal Tax Paid for Prior Year Worksheet, Line A Federal tax paid in current year for prior years, reduce the number by the amount of the Federal telephone excise tax.

2006 Federal Form 1040EZ with a Refund to 2007 Iowa 1040

1. Form IA 1040, line 27, does not include Federal telephone excise tax. Place the amount on the Form IA 1040, Line 27 of the Federal Income Tax Refund Received Worksheet, Line D, 2006 Federal telephone excise tax credit.
2. If the amount of Federal telephone excise tax is included on Form IA 1040, Line 33 of the Additional Federal Tax Paid for Prior Year Worksheet, Line A Federal tax paid in current year for prior years, reduce the number by the amount of the Federal telephone excise tax.

2006 Federal Form 1040 or 1040A with a Refund to 2007 Iowa 1040

If the amount of Federal telephone excise tax is included on Form IA 1040, Line 33 of the Additional Federal Tax Paid for Prior Year Worksheet, Line A Federal tax paid in current year for prior years, reduce the number by the amount of the Federal telephone excise tax.