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-20 (IT-20S; IT-20NP; IT-65; State Form 49105) Schedule E is available for download through this link. The latest available Form IT-20NP (State Form 148) can be downloaded 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 income earned by a nonprofit organization from activities that are not related to its tax-exempt purpose.

Q: What information is required on Form IT-20NP?
A: Form IT-20NP requires information about the nonprofit organization, its unrelated business income, deductions, and tax liability.

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, which is usually April 15th.

Q: Are there any penalties for late filing?
A: Yes, there may be penalties for late filing of Form IT-20NP. It is important to file the form by the deadline to avoid penalties.

Q: Can Form IT-20NP be e-filed?
A: Yes, Form IT-20NP can be e-filed using approved software or through a tax professional.

Q: Is there a fee for filing Form IT-20NP?
A: There is no fee for filing Form IT-20NP.

Q: Is Form IT-20NP only for Indiana nonprofit organizations?
A: Yes, Form IT-20NP is specifically for nonprofit organizations in Indiana.