Tax.iowa.govformsState of Iowa Tax FormsIowa Department of Revenue 2026

1. Click ‘Get Form’ to open the IA 6251B Balance Sheet/Statement of Net Worth in the editor.
2. Begin by entering your name(s) and Social Security Number at the top of the form. Ensure accuracy as this information is crucial for identification.
3. Select your net worth calculation date and choose between 'Accrual' or 'Cash' accounting methods by checking the appropriate box.
4. In Part A: Assets, fill in each line item with the corresponding values for cash, securities, pensions, insurance policies, accounts receivable, inventory, real property, machinery and equipment, vehicles, and other personal property. Make sure to total these amounts in line 11.
5. Proceed to Part B: Liabilities. Enter your current liabilities on line 12 and long-term liabilities on line 13. Sum these figures in line 15.
6. Calculate your net worth in Part C by subtracting total liabilities (line 15) from total assets (line 11) and record this value on line 16.
7. Finally, compute your Debt to Asset Ratio in Part D by dividing total liabilities (line 15) by total assets (line 11) and enter this figure on line 17.

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