Does the Iowa inheritance tax still apply to older estates?
Yes, for deaths before January 1, 2025. Iowa Code § 450.98 repeals the tax only for decedents dying on or after that date, and the probate inventory statute still requires a listing, with estimated values, of items subject to inheritance tax for earlier deaths. Those estates value property as of the date of death and file the Iowa return as before.
Can the 90-day deadline for the Iowa report and inventory be extended?
Yes. Iowa Code § 633.361 sets 90 days after the personal representative qualifies but allows a longer time when the court grants it. The filing must still be verified or affirmed under penalty of perjury and list all personal property, exempt and non-exempt, with estimated values.
Does Iowa license personal property appraisers?
Not for estate, donation, or divorce work. Iowa licenses appraisers of real property, and the newer chapter 522F license applies to the appraisers and umpires named under an insurance policy's appraisal clause. Appraisals of equipment, antiques, vehicles, or collections for other purposes follow USPAP, which is how our appraisers prepare every report.