STEP 13: COW-CALF REFUND.

The cow-calf refund will be allowed only to qualified individual taxpayers who operate cow-calf beef operations in Iowa. For details on qualifications for this refund, see form IA 132.

After completing the IA 132 enter the refund amount (s) (not to exceed $3,000) on the specific lines under Step 13 on the individual IA1040. If claims exceed the allotted distribution amount, refunds will be prorated.

The completed IA132 form must be postmarked by October 31, 2004, for annual filers or within 10 months of the end of the tax year for fiscal filers. If for some reason the income tax return cannot be filed by the above due dates, the IA 132 may be sent as a separate document to the following address:

Taxpayer Services Section
Iowa Department of Revenue & Finance
PO Box 10457
Des Moines, IA 50306-0457

If the IA132 was inadvertently not included with the income tax return, DO NOT amend the income tax return simply to send the IA132. Mail the IA 132 separately to the preceding address by the required postmark dates.

The 2003 IA 132 refund will not be paid until February 28, 2005, for claimants on an annual tax year. The annual tax year ends December 31 of each year. The filing date for fiscal year filers will determine which year the claim will be paid on February 28 of that year.