Get It-20

Filling out the IT-20 form online can streamline the process for corporate income tax reporting in Indiana. This guide provides a comprehensive breakdown of each section and field of the IT-20 form, ensuring you have the necessary support to complete your submission accurately.

Follow the steps to fill out the IT-20 online effectively.

1. Use the 'Get Form' button to access the IT-20 form, launching it in your preferred digital editor.
2. Complete the corporation's name and check the box if you are amending the form. Indicate additional details such as the principal business activity code, Federal Employer Identification Number, and the corporation's state of incorporation.
3. In section A, enter the corporation’s address, including number and street, city, state, and ZIP code.
4. Proceed to indicate the type of return by checking all applicable boxes, such as for initial returns, final returns, or if the corporation is in bankruptcy.
5. Fill out the computation of adjusted gross income tax by entering the federal taxable income and any deductions necessary as per the form's instructions.
6. Complete the adjustments section by noting any modifications or deductions that apply to your corporation's situation, keeping in mind to enter each item accurately.
7. If applicable, complete the apportionment of income for entities with multistate activities by selecting the appropriate apportionment method and entering the Indiana apportionment percentage.
8. Update the tax calculation section, ensuring you calculate the Indiana adjusted gross income tax accurately, along with any nonrefundable tax liability credits.
9. Complete the balance of tax due or overpayment section, including any penalties or interest applicable.
10. Finalize the process by certifying and signing the form, including the paid preparer information when necessary before submitting it.
11. Once all fields are completed, you can save your changes, download, print, or share the completed IT-20 form as needed.

Start filling out your IT-20 online today for a smoother tax filing experience.