Instructions for Form FIT-20, State Form 44623 Schedule E-U, FIT-ES, FIT-NRTC Financial Institution Tax Return - Indiana

Form FIT-20 (State Form 44622) Schedule E-U Indiana Financial Institution Tax Return Apportionment of Receipts to Indiana - Indiana

This document contains official instructions for Schedule E-U , Schedule FIT-ES , and Schedule FIT-NRTC for Form FIT-20 , and State Form 44623 . . These documents are released and collected by the Indiana Department of Revenue. An up-to-date fillable Form FIT-20 (State Form 44622) Schedule E-U is available for download through this link.

FAQ

Q: What is Form FIT-20?
A: Form FIT-20 is a Financial Institution Tax Return in Indiana.

Q: What is the purpose of Form FIT-20?
A: Form FIT-20 is used by financial institutions to report their income and calculate their tax liability in Indiana.

Q: What other schedules are associated with Form FIT-20?
A: Form FIT-20 is associated with Schedule E-U, FIT-ES, and FIT-NRTC.

Q: What is Schedule E-U?
A: Schedule E-U is a supplemental schedule for reporting income and deductions of a financial institution in Indiana.

Q: What is FIT-ES?
A: FIT-ES is a schedule used to compute the estimated tax liability of a financial institution in Indiana.

Q: What is FIT-NRTC?
A: FIT-NRTC is a schedule for calculating the nonrefundable renter's tax credit for financial institutions in Indiana.

Q: Who needs to file Form FIT-20?
A: Financial institutions operating in Indiana are required to file Form FIT-20.

Q: Are there any filing deadlines for Form FIT-20?
A: Yes, financial institutions must file Form FIT-20 by the 15th day of the 4th month following the end of their fiscal year.

Q: Are there any penalties for late filing of Form FIT-20?
A: Yes, financial institutions may be subject to penalties for late filing or failure to file Form FIT-20 in Indiana.