Get In It-20 2011

The IN IT-20 form is the Indiana Corporate Adjusted Gross Income Tax Return that businesses must file to report their adjusted gross income. This guide provides clear and supportive instructions for completing the form online, ensuring that users of all experience levels can navigate each section with confidence.

Follow the steps to successfully fill out the IN IT-20 form online.

1. Use the ‘Get Form’ button to access the IN IT-20 form and open it in your preferred editor.
2. Begin by entering the name of your corporation and its address, including city, state, and ZIP code. Also, provide the federal identification number and the principal business activity code.
3. Indicate if the return is an initial return, final return, filed in bankruptcy, or if there has been a name change by checking the appropriate boxes.
4. Fill in the date of incorporation, state of commercial domicile, year of initial Indiana return, and location of records if different from your primary address.
5. Answer the income questions about the nature of your business and whether the return is consolidated or filed on a combined basis by marking ‘Yes’ or ‘No’.
6. Calculate the federal taxable income and enter it in the appropriate line. Deduct any qualifying dividends as required.
7. Complete modifications for adjusted gross income by entering specific addbacks or deductions as described in the instructions.
8. If applicable, perform calculations for apportionment of income, indicating the method used and entering the Indiana apportionment percentage.
9. Complete the tax calculation section by entering Indiana adjusted gross income and calculating the tax amount due.
10. Review the nonrefundable tax liability credits section and fill in any applicable credits, ensuring to attach all necessary documentation.
11. Conclude the form by certifying the signatures of the corporate officers and including the personal representative’s information if needed.
12. Before final submission, review all entries for accuracy, then save the changes, download, print, or share the completed IN IT-20 form as required.

Complete your IN IT-20 form online today to ensure your business complies with Indiana tax requirements.