Instructions for Form IT-20NP, State Form 148 Indiana Nonprofit Organization Unrelated Business Income Tax Return - Indiana

Form IT-20NP (State Form 148) Indiana Nonprofit Organization Unrelated Business Income Tax Return - Indiana

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.

FAQ

Q: What is Form IT-20NP?
A: Form IT-20NP is the Indiana Nonprofit Organization Unrelated 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 the income earned by a nonprofit organization that is not related to its tax-exempt purpose.

Q: How do I file Form IT-20NP?
A: You can file Form IT-20NP electronically or by mail using State Form 148.

Q: What information do I need to complete Form IT-20NP?
A: You will need information about your organization's income, deductions, and other financial details.

Q: When is the deadline to file Form IT-20NP?
A: The deadline to file Form IT-20NP is the same as the federal income tax deadline, usually April 15th.

Q: Are there any penalties for late filing?
A: Yes, there may be penalties for late filing or failure to file Form IT-20NP.

Q: Do I need to include any additional documentation with Form IT-20NP?
A: You may need to include supporting documentation for certain items on Form IT-20NP, such as schedules or explanations.

Q: Can I get an extension to file Form IT-20NP?
A: Yes, you can request an extension to file Form IT-20NP using Form IT-9.