Official Records Retention Schedules
Please note: The official University of Iowa Records Retention schedules are currently under revision. Updates will be posted periodically. The official UI Health Care Records Retention Schedule is available separately to assist UI Health Care departments.
These retention schedules are designed to assist University departments in preserving Official Records appropriately while providing economy and efficiency in the creation, organization, maintenance, use, and disposition of records.
Search Criteria
Administrative Unit: represents either the administrative unit responsible for establishing the Official Record retention criteria OR the Administrative Unit responsible for maintaining the Official Records identified.
Confidential: indicates Official Records that contain information of various sorts that the University receives and holds confidential unless otherwise ordered by a court, by the lawful custodian of the records or by another person duly authorized to release such information. Examples include: student records, medical records, personnel records, etc.
Vital: indicates Official Records that contain information considered essential for the operations of a department (and/or the University) and includes information that may prevent a department from incurring serious liability or risk, or that would be extremely costly to replace. In the event of a disaster, this information, if destroyed, would make it difficult for a department to conduct normal business activities.
Export the full list of Official Record Retention Schedules available to date – or use the search criteria below for a more targeted search.
Tax Form 1095-C: Employer Provided Health Insurance Offer and Coverage
Category: Tax Records
Description:
Report filed annually with IRS and employees for the Affordable Care Act
Official Files Maintained by:
University Human Resources - Benefits Office
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 1098-E
Category: Tax Records
Description:
Student Loan Interest Statement filed annually with IRS by Student Financial Aid.
Official Files Maintained by:
Treasury Operations
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 1098-T
Category: Tax Records
Description:
Tuition Statement filed annually with IRS by University Billing/Treasury Operations.
Official Files Maintained by:
Treasury Operations
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 1099-B (2010 and later)
Category: Tax Records
Description:
Proceeds from Broker and Barter Exchange Transactions filed as necessary with IRS by Accounts Payable.
Official Files Maintained by:
UI Purchasing, Accounts Payable and Travel
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 1099-INT (2010 and later)
Category: Tax Records
Description:
Interest Income Paid to Recipients filed as necessary with IRS by Accounts Payable.
Official Files Maintained by:
UI Purchasing, Accounts Payable and Travel
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 1099-INT and 1099-B (pre year 2010)
Category: Tax Records
Description:
Forms 1099-INT and 1099-B filed with IRS for registered bond transactions prior to 2010.
Official Files Maintained by:
Treasury Operations
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 1099-MISC
Category: Tax Records
Description:
Form filed annually with IRS by UI Accounts Payable regarding miscellaneous income paid to recipients.
Official Files Maintained by:
UI Purchasing, Accounts Payable and Travel
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 1120 - U.S. Corporation Income Tax Return
Category: Tax Records
Description:
Income Tax Return filed annually with IRS for U of I Health System Inc. and Subsidiaries.
Official Files Maintained by:
UI Health Care
UI Retention Guidelines: Permanent
Confidential: Yes
Vital: Yes
Tax Form 1120-PC
Category: Tax Records
Description:
U.S. Property and Casualty Insurance Company Income Tax Return filed annually with IRS for Iowa Medical Mutual Insurance Co. (IMMIC)
Official Files Maintained by:
UI Health Care
UI Retention Guidelines: Permanent
Confidential: Yes
Vital: Yes
Tax Form 35-003 (Construction Contract Claim for Refund)
Category: Tax Records
Description:
Iowa Sales Tax Treatment for Construction Contracts filed by Purchasing with Iowa Dept. of Revenue & Finance based on Form 35-002 provided by Contractor on certain types of construction orders. Special Iowa sales tax exemption certificate instead may be provided to Contractor that would eliminate sales tax issues.
Official Files Maintained by:
UI Purchasing, Accounts Payable and Travel
UI Retention Guidelines: 5 Years
Confidential: Yes
Vital: Yes
Tax Form 40 North Dakota Income Tax Return
Category: Tax Records
Description:
Unrelated business income tax return filed annually with the North Dakota Department of Revenue by the Controller's Office.
Official Files Maintained by:
UI Tax Manager - Controller's Office
UI Retention Guidelines: Permanent
Confidential: Yes
Vital: Yes
Tax Form 4804
Category: Tax Records
Description:
Transmittal of Information Returns Reported Magnetically/Electronically filed annually with IRS by UI Payroll.
Official Files Maintained by:
University Human Resources - Payroll
UI Retention Guidelines: Permanent
Confidential: Yes
Vital: Yes
Tax Form 6559
Category: Tax Records
Description:
Transmitter Report and Summary of Magnetic Media filed annually with Social Security Administration by UI Payroll.
Official Files Maintained by:
University Human Resources - Payroll
UI Retention Guidelines: Permanent
Confidential: Yes
Vital: Yes
Tax Form 720 - Quarterly Federal Excise Tax Return
Category: Tax Records
Description:
PCORI fee from the Affordable Care Act payable annually from 2013 - 2019; filed annually with IRS by July 31.
Official Files Maintained by:
University Human Resources - Benefits Office
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 8038-GC
Category: Tax Records
Description:
Information Return for Small Tax-Exempt Governmental Bond Issues, Leases, and Installment Sales filed on or before the 15th day of the second calendar month after the close of the calendar quarter in which the issue is issued with IRS for copier leasing program utilizing tax-exempt financing.
Official Files Maintained by:
UI Purchasing, Accounts Payable and Travel
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 8282 - Donee Information Return
Category: Tax Records
Description:
Filed with IRS when donated property received is sold within 3 years. Filed only if UI sells or disposes of charitable deduction property within 3 years of receipt. (Dept. should consult with Tax Manager Office prior to selling donated property).
Official Files Maintained by:
UI Tax Manager - Controller's Office
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 8300
Category: Tax Records
Description:
Report of Cash Payments Over $10,000 Received in a Trade or Business. Must be filed with IRS w/in 15 days of receipt of cash. Local units receiving payments are required to file and maintain the record - however, notification copies must also be sent to Tax Manager Office (105 JH)
Official Files Maintained by:
Local Department responsible for creating or overseeing the record
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes
Tax Form 941
Category: Tax Records
Description:
Employer's Quarterly Federal Tax Return filed quarterly with IRS by UI Payroll.
Official Files Maintained by:
University Human Resources - Payroll
UI Retention Guidelines: Permanent
Confidential: Yes
Vital: Yes
Tax Form 945
Category: Tax Records
Description:
Annual Return of Withheld Federal Income Tax filed annually to IRS by Accounts Payable.
Official Files Maintained by:
UI Purchasing, Accounts Payable and Travel
UI Retention Guidelines: Permanent
Confidential: Yes
Vital: Yes
Tax Form 990 - Return of Organization Exempt from Income Tax
Category: Tax Records
Description:
Return filed annually with IRS on behalf of tax exempt entities controlled by the University of Iowa.
Official Files Maintained by:
Local Department responsible for creating or overseeing the record
UI Retention Guidelines: 10 Years
Confidential: Yes
Vital: Yes