Individuals who are not residents of Iowa but earn nonwage income from sources within the state often confront the challenge of understanding tax obligations. To address this, the Iowa 44 017B form emerges as a critical document. It delineates a process allowing nonresidents to opt for making an estimated tax payment instead of having Iowa tax automatically withheld from this income. By completing this form and submitting it along with an IA 1040ES voucher, nonresidents can exercise more control over their financial obligations to the state. This choice requires the nonresident to pay an amount equivalent to 5% of their estimated net income from Iowa sources, calculated after deducting related business expenses. Provided the nonresident follows these steps before receiving their Iowa nonwage income, the Iowa Department of Revenue will issue a release letter to the payer. This enables a smoother financial transaction for both parties. It's noteworthy that the form also considers situations where a nonresident could be exempt from withholding, such as when the net income is $1,000 or less and not liable for specific Iowa taxes. In these instances, no withholding is required, and hence no release letter is needed. Both the form and detailed instructions are accessible via the Iowa Department of Revenue's website, ensuring that nonresidents have the resources to comply with Iowa's taxation requirements effectively.
| Question | Answer |
|---|---|
| Form Name | Iowa Form 44 017B |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | iowa withholding form 2019, iowa w4, 602 8105 1 iowa form, iowa nonresident withholding |
Nonresident Claim For Release From Withholding
https://tax.iowa.gov
Instructions
Iowa withholding must be withheld from Iowa nonwage income paid to a nonresident. However, a nonresident may choose to make an Iowa estimated payment instead of having Iowa tax withheld from the nonwage income. To make an Iowa estimated payment, the nonresident must file this form and an IA 1040ES voucher with payment equal to 5% of line 3 below. This form must be filed prior to receiving Iowa nonwage income. Upon receipt of this form and payment, the Department will issue a release letter to the payer(s) of the Iowa nonwage income. The IA 1040ES voucher and instructions are available on our website at https://tax.iowa.gov.
Mail this form, the IA 1040ES voucher, and payment to:
Compliance Services
Iowa Department of Revenue
PO Box 10456
Des Moines IA
Questions?
Nonresident (Payee):
For fiscal/calendar year ending (MM/DD/YYYY): ________________________________________
Name: _________________________________________________________________________
Social Security Number (SSN):______________________________________________________
Address: ________________________________________________________________________
City:_________________________ State: ___ ZIP: _________ Phone Number: ____________
Income from Iowa Source(s):
Name of Payer(s): ________________________________________________________________
Address of Payer(s): _______________________________________________________________
1. |
1. ______________________ |
|
2. |
Related business expenses |
2. ______________________ |
3. |
Iowa estimated net income (subtract line 2 from line 1) |
3. ______________________ |
|
Check this box to claim |
☐ |
I, the undersigned, declare under penalties of perjury or false certificate, that I have examined this document, and, to the best of my knowledge and belief, it is true, correct, and complete.
Signature: ___________________________________________ |
Date: ___________________ |