Indiana Amended Corporation Income Tax Return

Amended Corporation Income Tax Return
Form IT-20X
Indiana Form IT-20X, Amended Tax Return for Form IT-20

Use this form to amend Indiana Corporate Form IT-20 for tax periods beginning before
01/01/2019.
When amending for tax periods beginning after 12/31/2018, use the Form IT-20 for that tax
period and check the “Amended” box that fits your situation.
You may find current year Indiana Corporate forms online by going to www.in.gov/dor/3489.htm
and selecting the Corporate Tax Forms download bar.
To find corporate tax forms online for prior years, go to www.in.gov/dor/3488.htm and select the
year you need.

State Form 438
(R15 / 12-18)

Use for tax periods beginning
before 01/01/19.

State of Indiana

Form IT-20X

Amended Corporation Income Tax Return
For Calendar Year Ending

or Other Tax Year Beginning

and Ending

Federal Identification Number
Name of Corporation										 	
Number and Street

County

	

Indiana Taxpayer Identification Number

											
City or Post Office						
State			
ZIP Code	
Corporate Telephone Number
											

a.  Is a federal amended return being filed? ................................ Y
N
e.  Are you in a bankruptcy proceeding?(See Part IV) Y
N
b. Is the corporation currently under examination by the
f. List years and attach copies of federal waivers of the statute
	   Indiana Department of Revenue? .......................................... Y
N
of limitations and dates on which waivers expire:
________________________________________________
	 If yes, indicate years ______________
Y
N
c.  Is this the first amended return for this tax year? ................... Y
N
g. Is the company under examination by the IRS?
If yes, indicate years: _____________________________
d. Date of incorporation _______________ in state of _______
Attach corrected state form for the year amended and federal schedules supporting these changes. Explain change in Part IV.
A
B
C
Note: Do not calculate gross income tax or supplemental net
income tax for years beyond the repeal date of Jan. 1, 2003.
As Reported or
Amount of Change
Correct Amount
Round all entries
Last Determined
Explain in Part IV
Part I - Summary of Tax Calculations
	1.	 Gross income tax; use minus sign for negative amounts................... 	1
	 2.	 Adjusted gross income (see instructions) .......................................... 	2
	 3.	 Adjusted gross income tax - multiply line 2 by the applicable rate..... 	3
	 4.	 Subtract the greater of line 1 or 3 from line 2 and enter difference.... 	4
	 5.	 Supplemental net income tax - multiply line 4 by the applicable rate... 	5
	 6.	 Total income tax - greater of line 1 or 3, plus line 5 ........................... 	6
	 7.	 Sales/use and other taxes..................................................................	7
	 8.	 Total tax due - add lines 6 and 7........................................................	8
Part II - Credits and Payments
	9.	Amount of estimated tax paid (including extension payment)............ 	9
10.	 Gross income tax paid on real estate sales (attach additional receipts).	10
11.	 College and University Credit (attach schedule if corrected)............. 	11
12.	 Other credits (attach explanation if changed from original claim)...... 	12
13.	 Amount previously paid with the original return.................................. 	13
14.	 Amount paid on prior amended return................................................ 	14
15.	 Amount paid for audit adjustment.......................................................	15
16.	 Total credits - add lines 9 through 15.................................................	16

00
00
00
00
00
00
00
00
00
00
00

17.	 Amount previously refunded (include amounts credited to IT-6 estimated account).....................................................	17
18.	 Amount of all penalty and interest previously paid .......................................................................................................	18
19.	 Net credits - subtract lines 17 and 18 from line 16 in column C...................................................................................	19

Part III - Remittance Due or Refund (see instructions)
20.	
21.	
22.	
23.	

00
00
00
00
00
00
00
00

00
00
00
00

Balance due (if line 8 is greater than line 19, enter the difference)...............................................................................	20
Penalty (10% of line 20 or $5, whichever is greater) ....................................................................................................	21
Interest (see instructions) .............................................................................................................................................	22
Total remittance due - add lines 20, 21, and 22............................................................. PAY in U.S. funds AMOUNT	 23

24.	 Total overpayment (if line 19 is greater than line 8, enter the difference)............. 	24
25.	 Amount of line 24 to be refunded......................................................................... 	25
26.	 Amount of line 24 to be applied to the current estimated income tax account for year ending:__________................	26

00

Make checks payable to the Indiana Department of Revenue.

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief it is true,
correct, and complete. I authorize the Department to discuss my return with my personal representative. Yes
No

Signature of Officer	

Date

Print or Type Name of Officer	

Title

Paid Preparer: Firm’s Name (or yours if self-employed)
PTIN

Personal Representative’s Name (Print or Type)

Telephone Number				

Telephone Number

Address
City

Address
City		
State

ZIP Code + 4

State			

ZIP Code + 4

Paid Preparer's Signature			

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22018111594

Date

DD

Instructions for Indiana Amended Corporation Income Tax Return Form IT-20X
Who Should File Form IT-20X
This form should be filed by a corporation amending a previously filed Indiana
Corporation Income Tax Return. To amend a previously filed Form IT-65,
IT-20S, FIT-20, IT-20NP, or URT-1, a corrected copy of the original form must
be filed with the amended check box marked at the top of the form.
If this form is being filed as a result of a Federal Revenue Agent's Report
(RAR), the change must be documented by attaching copies of the RAR and the
appropriate federal forms within 120 days of such change. If an audit has been
conducted, copies of the audit report should also be enclosed. Payment of any
balance due, plus interest, must accompany the amended return.
Indiana Code (IC) 6-3-4-6 requires taxpayers to notify the department within
180 days of any modification made to a federal income tax return.
Under IC 6-8.1-9-1, a taxpayer has 180 days from the date of modification by
the Internal Revenue Service to file a claim for refund with the department. Any
overpayment resulting from modification of federal income tax liability must
be claimed within the latter of 3 years from the due date of the return, 3 years
from the date of payment, or within 180 days of notification of change by the
Internal Revenue Service.
Copies of all federal waivers that apply to your amended return must be
enclosed. An agreement with the department to extend the statute of limitations
for assessment also extends the period for filing a claim for refund.
Completing the Form
Taxpayers should refer to the instructions for the corporation income tax
return, and related schedules, of the tax year being amended. You can get
copies of certain prior-year returns by contacting the department or by visiting
www.in.gov/dor/taxforms.
Place your 9-digit federal ID number in the box in the upper-right corner of
the form. Next, enter your assigned Indiana taxpayer identification number.
Complete all other applicable questions.
Corporations must attach a corrected (amended) copy of the original Form
IT-20, including corrected supporting forms/schedules, to support this claim.
Part I - Summary of Tax Calculations
Complete lines 1 through 8 of columns A, B, and C. Use the original
IT-20 Fiscal return format computation if amending for a 2002/2003 fiscal year.
Attach the revised return calculation. If the amounts reflected in column A are
the result of an Indiana audit, please attach audit schedule. Any changes reflected
in column B must be documented.
If filing because of an IRC Section 172 deduction, effective Jan. 1, 2004, the loss
derived from Indiana must be calculated by applying the modifications, in effect
for the year in which the loss was incurred, used in arriving at Indiana adjusted
gross income. The resulting Indiana net operating loss (NOL), adjusted for any
federal Section 172 modifications, may be claimed toward reducing, before any
other state deductions, Indiana adjusted gross income. Use Schedule IT-20NOL
(revised 8-09 and after) to determine the available amount you may deduct.
A preexisting NOL must also be recalculated using this methodology to apply
any remaining loss as a deduction for tax years ending after Dec. 31, 2003. All
NOLs incurred after this date, whether carried back or forward, must be calculated
using the revised IT-20NOL schedule.
The available Indiana NOL is subject to the same carryover provisions as
required by the Internal Revenue Code, as adopted and in effect on Jan. 1 of the
taxable year. Note: The NOL carryback is no longer available.
Part II - Credits and Payments
If a change is indicated in column B, lines 9 through 15, provide a complete
explanation in Part IV and attach any schedules, statements, or canceled checks
that support such change. Note that a change of adjusted gross income tax (column
C, line 3) may affect the amount of allowable College Credit on line 11 and other
credits on line 12. Generally, the total credit entered on lines 11 and 12 cannot
exceed the amount of tax entered on line 3 of column C.
Line 17 - "Previously Refunded" includes overpayments previously requested to
be carried forward to other tax periods. Once the overpayment amount has been
carried forward it cannot be reversed.

Part III - Remittance Due or Refund
Remittance Due:
Line 20 - If line 8 is greater than line 19, enter the difference as the balance due
on line 20.
Line 21 - If an amended return is submitted after the due date of the original
return, including valid extensions, penalty must be entered on line 21. The penalty
is 10% of the balance due or $5, whichever is greater. A late penalty of $10 per
day may apply to zero tax liability returns delinquently filed.
Line 22 - Indiana law does not provide for the waiver of interest. Interest must
be computed on the balance due. Use the interest rate table below to properly
compute the amount of interest for line 22.
Line 23 - Add balance due, penalty, and interest to equal the total remittance
due. Pay this amount.
Refund Due:
Line 24 - If line 19 is greater than line 8, subtract line 8 from line 19 and enter
the overpayment.
Line 25 - Enter the portion of the overpayment from line 24 to be refunded.
If an excess tax payment is not refunded or credited against a current or future
tax liability within 90 days after the date the refund claim is filed, the date the tax
was due, or the date the tax was paid, whichever is latest, the excess tax payment
accrues interest from the date the tax was due, the date the tax was paid, the date
the return was actually filed, or July 1, 2015, whichever is latest. The statute of
limitations for refund claims is 3 years from the due date of the return or 3 years
from the date the overpayment occurred, whichever is later. Extensions of time
to file extend the due date of the return. Quarterly payments are considered to
be made on the due date of the return filed for a taxable period.
Line 26 - Enter that portion of line 24 to be applied to your current estimated
tax account and the year to which the overpayment is to be applied. The total of
lines 25 and 26 must equal the amount shown on line 24.
Note: If your overpayment is reduced due to an error on the tax return or
an adjustment by the department, the amount to be refunded (line 25) will be
corrected before any changes are made to the amount on line 26.
Interest rates on assessments are determined annually on Nov. 1 for each 	
upcoming year. Get Departmental Notice #3 at www.in.gov/dor/references/files/
dn03.pdf for a list of interest rates. For further information, call (317) 232-0129,
visit www.in.gov/dor, or write to:
Indiana Department of Revenue
Corporate Tax Division
P.O. Box 7206
Indianapolis, IN46207-7206
Be sure to sign, date, and print your name on the return. If a paid preparer
completes your return, you can authorize the department to discuss your tax
return with the preparer by checking the authorization box above the signature
line. The department may contact you if there are any questions or concerns
about your tax return. If you want the department to be able to discuss your
tax return with someone else (e.g., the person who prepared it or a designated
person), please complete the personal representative information area in full.
If you owe tax, please mail your return to Indiana Department of Revenue,
P.O. Box 7087, Indianapolis, IN 46207-7087. If you do not owe any tax, mail it
to Indiana Department of Revenue, P.O. Box 7231, Indianapolis, IN 46207-7231.

Part IV - Please enclose a concise explanation of change(s) along with the corrected schedules and any other documentation.

Note: If the corporation is undergoing a bankruptcy proceeding, mail an amended return to: Indiana Department of Revenue, Bankruptcy Division, 100 N Senate
Ave., Indianapolis, IN 46204-2253. The telephone number is (317) 232-2289.

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