Form IT-20 (IT-20S; IT-20NP; IT-65; State Form 49105) Schedule E Apportionment of Income for Indiana - Indiana

What Is Form IT-20 (IT-20S; IT-20NP; IT-65; State Form 49105) Schedule E?

This is a legal form that was released by the Indiana Department of Revenue - a government authority operating within Indiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form IT-20?
A: Form IT-20 is a tax form used by businesses in Indiana to file their corporate income tax return.

Q: What are the other related forms?
A: The related forms include IT-20S, IT-20NP, IT-65, and State Form 49105.

Q: What is Schedule E?
A: Schedule E is a specific section of Form IT-20 that is used to apportion income for Indiana.

Q: What is income apportionment?
A: Income apportionment is the process of dividing a business's income between different states based on the portion of its operations conducted in each state.

Q: Why is income apportionment necessary?
A: Income apportionment is necessary to determine how much income is subject to tax in each state where a business operates.

Q: Who needs to file Form IT-20?
A: All corporations doing business in Indiana, including S corporations, must file Form IT-20.

Q: When is Form IT-20 due?
A: Form IT-20 is typically due on or before the 15th day of the fourth month following the end of the tax year.

Q: Are there any penalties for late filing?
A: Yes, there are penalties for late filing, including a late filing fee and potential interest charges on unpaid taxes.

Q: Is Form IT-20 required for non-profit organizations?
A: No, non-profit organizations in Indiana are required to file Form IT-20NP instead of Form IT-20.