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Indiana Nonprofit Organization Unrelated Business Income Tax Booklet with Forms and Schedules
Extracted from PDF file 2023-indiana-form-it-20np.pdf, last modified May 2020Nonprofit Organization Unrelated Business Income Tax Booklet with Forms and Schedules
Form IT-20NP State Form 148 (R22 / 8-23) Indiana Department of Revenue Indiana Nonprofit Organization Unrelated Business Income Tax Return Calendar Year Ending December 31, 2023 or 2023 □ Fiscal Year Beginning Check box if amended. Name of Organization Check box if name changed. □ Federal Employer Identification Number Number and Street City and Ending Principal Business Activity Code State □ ZIP Code Foreign Country 2-Character Code 2-Digit County Code □ Telephone Number □ □ □ K. Check all boxes that apply: Initial Return Final Return In Bankruptcy L. Do you have on file a valid extension of time to file your return (federal Form 7004 or an electronic extension of time)? Yes M. Check the box if entity has multiple unrelated trades or businesses (see instructions) □ Adjusted Gross Income Tax Calculation on Unrelated Business Income 1. Unrelated business taxable income before NOL deduction from federal Form 990-T. Use a minus sign for negative amounts. Attach Form 990-T.............................................................. 1 2. Non-unitary partnership income.......................................................................................................... 2 3. Specific deduction (generally $1,000; see instructions)....................................................................... 3 4. Subtract line 2 and line 3 from line 1................................................................................................... 4 Modifications (use a minus sign for negative amounts) 5. Enter name of add-back or deduction________________________________ Code No. 5 6. Enter name of add-back or deduction________________________________ Code No. 6 7. Enter name of add-back or deduction ________________________________ Code No. 7 8. Enter name of add-back or deduction________________________________ Code No. 8 9. Unrelated business income: add or subtract lines 4 through 8. If not apportioning, enter same amount on line 11....................................................................................................................... 9 10. Enter Indiana apportionment percentage, if applicable, from line 9 of IT-20 Schedule E apportionment (enclose schedule) ...................................................................................................... 10 11. Unrelated business apportioned to Indiana (multiply line 9 by line 10; otherwise, enter line 9 amount) 11 12. Non-unitary partnership income from Indiana sources ...................................................................... 12 13. Enter Indiana Net Operating Loss deduction. Enclose Schedule IT-20NOL ...................................... 13 14. Taxable Indiana unrelated business income (add line 11 and line 12 and subtract line 13) ............... 14 15. Taxable income from other forms (Form 1120-POL)........................................................................... 15 16. Subtotal (add lines 14 and 15).............................................................................................................. 16 17. Indiana tax on unrelated business income (multiply line 16 by tax rate; see instructions for line 17)..... 17 18. Sales/use tax on purchases subject to use tax from Sales/Use Tax Worksheet ................................ 18 19. Total tax due (add lines 17 and 18)...................................................................................................... 19 Credit for Estimated Tax and Other Payments 20. Quarterly estimated tax paid: Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Enter total 20 21. Amount paid with extension ................................................................................................................ 21 22. Amount of overpayment credit (from tax year ending )............................................ 22 23. Pass-through withholding and other payments (include Schedule IN K-1)......................................... 23 24. EDGE credit. Enter the total EDGE credit amount claimed (line 19 on Schedule IN-EDGE).............. 24 25. EDGE-R credit. Enter the total EDGE-R credit amount claimed (line 19 on Schedule IN-EDGE-R)... 25 26. Enter name of offset credit ________________________________________ Code No. 26 27. Enter name of offset credit_________________________________________ Code No. 27 28. Enter name of offset credit_________________________________________ Code No. 28 29. Enter name of offset credit_________________________________________ Code No. 29 30. Enter name of offset credit_________________________________________ Code No. 30 31. Certified credits. Enter the total of certified credits claimed from Schedule IN-OCC and enclose this schedule with your return..................................................................................................................... 31 32. Total credits (add lines 20-31) ............................................................................................................. 32 *24100000000* 24100000000 No 00 00 00 00 00 00 00 00 00 . % 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 33. Balance of tax due (line 19 minus line 32)............................................................................................. 33 34. Penalty for the underpayment of income tax. Attach Schedule IT-2220 ............................................. 34 Check box if using annualization method...................................................................................... 35. Interest: If payment is made after the original due date, compute interest.......................................... 35 36. Penalty: If paid late, enter 10% of line 33; see instructions. If line 19 is zero, enter $10 per day filed past due date....................................................................................................................................... 36 37. Total payment due (add lines 33-36). (Payment must be made in U.S. funds) PAY THIS AMOUNT... 37 38. Total overpayment (line 32 minus lines 19 and 34-36)........................................................................ 38 39. Amount of line 38 to be refunded......................................................................................................... 39 40. Amount of line 38 to be applied to the following year’s estimated tax account.................................... 40 □ 00 00 00 00 00 00 00 ____________________________________________________ Personal Representative’s Name (Print or Type) ____________________________________________________ Paid Preparer: Firm’s Name (or yours if self-employed) ____________________________________________________ Personal Representative’s Email Address ____________________________________________________ PTIN ____________________________________________________ Signature of Corporate Officer Date ____________________________________________________ Telephone Number ____________________________________________________ Print or Type Name of Corporate Officer Title ____________________________________________________ Address ____________________________________________________ Signature of Paid Preparer Date ____________________________________________________ City ____________________________________________________ Print or Type Name of Paid Preparer ____________________________________________________ State ZIP Code + 4 Please mail your forms to: Indiana Department of Revenue P.O. Box 7228 Indianapolis, IN 46207-7228 *24100000000* 24100000000
Form IT-20NP
More about the Indiana Form IT-20NP Corporate Income Tax Tax Return TY 2023
We last updated the Nonprofit Organization Unrelated Business Income Tax Booklet with Forms and Schedules in February 2024, so this is the latest version of Form IT-20NP, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-20NP directly from TaxFormFinder. You can print other Indiana tax forms here.
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TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form NP-20 | Nonprofit Organization's Annual Report |
| IT-65 Booklet | Current Year Partnership Return Booklet with Forms and Schedules |
| Form IT-20 | Corporate Adjusted Gross Income Tax Forms and Schedules |
| IT-20 Booklet | Current Year Corporate Adjusted Gross Income Tax Booklet with Forms and Schedules |
| Schedule IN K-1 | Shareholder's/Partner's Share of IN AGI, Deductions, Modifications and Credits |
View all 70 Indiana Income Tax Forms
Form Sources:
Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Form IT-20NP from the Department of Revenue in February 2024.
Form IT-20NP is an Indiana Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Indiana Form IT-20NP
We have a total of thirteen past-year versions of Form IT-20NP in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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