What Do I Do with U.S. Government Interest?

Interest income from United States government obligations is taxable by the federal government. Interest from U.S. government obligations is generally exempt from Colorado income tax. For more specific details see the Colorado FYI [...]

How do I check on the status of my Iowa refund?

https://tax.iowa.gov/wheres-my-refund About Where's My Refund Use Where's My Refund to check the status of individual income tax returns and amended individual income tax returns you've filed within the last year. Be sure to use the same information used on your return: Social Security Number, Tax Year, and Refund Amount. If you submitted your return electronically, please allow up to a week [...]

I owe Iowa tax. What are my payment options?

Direct Debit through your tax software? (Check with your software vendor for the features that are provided.) You control the date when the payment is withdrawn from your bank account. You may pay the entire amount or a portion of the balance due. You choose whether the payment is withdrawn from your checking or savings account. Free Online Direct Debit ePay through eFile & [...]

What penalties and interest will I pay if I file late in Colorado?

An automatic six-month extension of time for filing the Colorado income tax return is allowed for all taxpayers. However, an extension of time to file is not an extension of time to pay the tax. If at least 90% of the net tax liability is not paid by April 15, a late payment penalty plus interest will be added to your tax due. If 90% or more of the net tax liability is paid by April 14 and the [...]

Do I owe interest and penalties for my tax due Iowa?

Enter the penalty on line 72a, the interest on line 72b, and the total on line 72. Penalty 10% Penalty for Failure to Timely File a Return: If you do not file your return by the due date and at least 90% of the correct tax is not paid, you owe an additional 10% of the unpaid tax. 5% Penalty for Failure to Timely Pay the Tax Due: If you file your return on time but do not pay at least 90% of [...]