This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form IT-20NP, State Form 148 for the current year.
This document contains official instructions for Form IT-20NP , and State Form 148 . Both forms are released and collected by the Indiana Department of Revenue. An up-to-date fillable Form IT-20NP (State Form 148) is available for download through this link.
Q: What is Form IT-20NP?
A: Form IT-20NP is the Indiana Nonprofit OrganizationUnrelated Business Income Tax Return.
Q: Who needs to file Form IT-20NP?
A: Nonprofit organizations in Indiana that have unrelated business income need to file Form IT-20NP.
Q: What is unrelated business income?
A: Unrelated business income is income generated by a nonprofit organization through a trade or business that is not substantially related to its tax-exempt purpose.
Q: What is the purpose of Form IT-20NP?
A: Form IT-20NP is used to report and pay taxes on unrelated business income for nonprofit organizations in Indiana.
Q: When is Form IT-20NP due?
A: Form IT-20NP is due on the 15th day of the 5th month after the end of the fiscal year.
Q: Are there any penalties for late filing of Form IT-20NP?
A: Yes, there are penalties for late filing of Form IT-20NP, including interest on unpaid taxes.
Q: What supporting documents do I need to include with Form IT-20NP?
A: You may need to include a copy of the federal Form 990-T and any other related schedules or forms.
Instruction Details:
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