Indiana S Corporation Income Tax Forms and Schedules

S Corporation Income Tax Forms and Schedules
IT-20S Form
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	

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.

	

%

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

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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.

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