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Indiana S Corporation Income Tax Forms and Schedules
Extracted from PDF file 2023-indiana-it-20s-form.pdf, last modified July 2020S Corporation Income Tax Forms and Schedules
Form IT-20S Indiana Department of Revenue 2023 Indiana S Corporation Income Tax Return State Form 10814 (R22 / 8-23) for Calendar Year Ending December 31, 2023 or Other Tax Year Beginning 2023 and Ending Check box if amended. Name of Corporation Check box if name changed. Federal Employer Identification Number Number and Street Principal Business Activity Code City State Telephone Number 2-Digit County Code In the State of K. Date of incorporation N. Accounting method: Cash Accrual Other Foreign Country 2-Character Code ZIP Code M. Year of initial Indiana return L. State of commercial domicile O. Date of election as S corporation P. Check all boxes that apply to entity: Initial Return Final Return In Bankruptcy Q. Enter total number of shareholders: Composite Return PTET Return W. Enter number of nonresident shareholders: R. I have on file a valid extension of time to file my return (federal Form 7004 or an electronic extension of time). S. The corporation filed as a C corporation for the prior tax period. T. This corporation is a member of a partnership. U. This entity reports income from disregarded entities. V. Check box if reporting a credit on Schedule IT-20REC. Schedule A - S Corporation Adjusted Gross Income 1. Total net income (loss) from U.S. S corporation return, Form 1120S Schedule K (see instructions); use minus sign for negative amounts 2. a. Enter name of addback or deduction (see instructions) Round all entries 1 .00 .00 Code. No. 2a b. Enter name of addback or deduction Code. No. 2b .00 c. Enter name of addback or deduction Code. No. 2c .00 d. Enter name of addback or deduction Code. No. 2d .00 e. Enter name of addback or deduction Code. No. f . Enter the total amount of addbacks and deductions from any additional sheets (use a minus sign for negative amount) 3. Total S corporation income, as adjusted (add lines 1 through 2f) 2e .00 2f .00 3 .00 4. Enter percentage for Indiana apportioned adjusted gross income from IT-20S Schedule E line 9_ 4 *11723111694* 11723111694 . % Schedule B - Excess Net Passive Income and Built-In Gains .00 5. LIFO recapture income (see instructions) 5 6. Excess net passive income from federal worksheet 6 .00 7. Built-in gains from federal Schedule D (1120S) 7 .00 8. Add the amounts on lines 5 through 7 8 .00 9. Taxable income apportioned to Indiana (multiply line 8 by line 4) (if applicable) 9 .00 10. Pre-conversion Indiana net operating loss (see instructions) 10 .00 11. Taxable income after loss. Line 9 minus line 10 11 12. Corporate adjusted gross income tax rate (*see instructions for line 12) .00 X tax rate 13. Total income tax from Schedule B (multiply line 11 by percent on line 12) 13 .00 Summary of Calculations 14. Sales/use tax on purchases subject to use tax from Sales/Use Tax Worksheet 14 .00 15. Total composite tax from completed Schedule Composite (15G). Enclose schedule 15 .00 16. Total pass through entity tax from Schedule PTET. Enclose schedule 16 .00 17. Total tax (add lines 13-16). If line 17 is zero, see line 26 17 .00 18. Total amount of pass-through withholding and PTET (enclose IN K-1 from the paying entity) 18 .00 19. Total composite withholding IT-6WTH payments (see instructions) 19 .00 20. Other payments/credits (enclose supporting documentation) 20 .00 21. EDGE credit. Enter the total EDGE credit amount claimed (line 19 on Schedule IN-EDGE) 21 .00 22. EDGE-R credit. Enter the total EDGE-R credit amount claimed (line 19 on Schedule IN-EDGE-R) 22 .00 23. Other certified credits. Enter the total credit amount claimed (“Total” line from Schedule IN-OCC) 23 .00 24. Subtotal (line 17 minus lines 18-23). If total is greater than zero, proceed to lines 25-26 24 .00 25. Interest: Enter total interest due; see instructions (contact the department for current interest rate) 25 .00 26. Penalty: If paying late, enter 10% of line 24; see instructions. If line 17 is zero, enter $10 per day filed past due date 26 .00 27. Total Amount Due: Add lines 24-26. If less than zero, enter on line 28. Make check payable to: Indiana Department of Revenue. Make payment in U.S. funds 27 .00 28. Overpayment and Refund Amount: Line 18 plus lines 19-23, minus lines 17 and 25-26. No carryforward allowed. 28 .00 *11723121694* 11723121694 Certification of Signatures and Authorization Section Under penalties of perjury, I declare I have examined this return, including all accompanying schedules and statements, and to the best of my knowledge and belief it is true, correct, and complete. Paid Preparer’s Email Address I authorize the Department to discuss my return with my personal representative (see instructions). Paid Preparer: Firm’s Name (or yours if self-employed) Y Paid Preparer’s Name N Personal Representative’s Name (please print) PTIN Email Address Telephone Number Signature of Corporate Officer___________________________________ Address Date State Print or Type Name of Corporate Officer Paid Preparer’s Signature_____________________________ Title Date If you owe tax, please mail your return to IN Department of Revenue, PO Box 7205, Indianapolis, IN 46207-7205. City ZIP Code+4 If you do not owe any tax, mail it to IN Department of Revenue, PO Box 7147, Indianapolis, IN 46207-7147. *11723131694* 11723131694
IT-20S Form
More about the Indiana IT-20S Form Corporate Income Tax Tax Return TY 2023
We last updated the S Corporation Income Tax Forms and Schedules in January 2024, so this is the latest version of IT-20S Form, fully updated for tax year 2023. You can download or print current or past-year PDFs of IT-20S Form directly from TaxFormFinder. You can print other Indiana tax forms here.
Related Indiana Corporate Income Tax Forms:
TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Indiana IT-20S Form.
| Form Code | Form Name |
|---|---|
| IT-20S Booklet | Current Year S Corporation Income Tax Booklet with Forms and Schedules |
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 IT-20S Form from the Department of Revenue in January 2024.
IT-20S Form 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 IT-20S Form
We have a total of thirteen past-year versions of IT-20S Form 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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