Get 2016 Form It-20np - Forms In

Filing the 2016 Form IT-20NP is an essential task for nonprofit organizations reporting unrelated business income. This guide provides a structured approach to completing the form online effectively and accurately.

Follow the steps to complete the form online.

1. Press the ‘Get Form’ button to obtain the form and access it in the editor.
2. Fill out the identification section. Include the name of your organization, federal identification number, mailing address, and principal business activity code.
3. Indicate the tax year at the top of the form. Use the appropriate box to specify if this is an initial or final return.
4. Complete Line 1 with the unrelated business taxable income from federal Form 990T. Make sure to use a minus sign for negative amounts.
5. Enter any specific deductions on Line 2, which is generally $1,000.
6. Calculate and input the Indiana modifications and changes as required in the appropriate sections of the form.
7. Determine your tax liability by multiplying the taxable gross income by the applicable tax rate as specified in the instructions.
8. List any credits and payments made on Lines 18 to 24, including any quarterly estimated taxes paid.
9. Review all sections and lines to ensure accuracy, then proceed to sign and date the authorization section at the end of the form.
10. Once complete, save your changes, download or print the form as necessary, and prepare for submission.

Complete your 2016 Form IT-20NP online today to stay compliant with Indiana tax regulations.