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Indiana Free Printable  for 2021 Indiana Current Year Nonprofit Organization Unrelated Business Income Tax Booklet with Forms and Schedules

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Current Year Nonprofit Organization Unrelated Business Income Tax Booklet with Forms and Schedules
Form IT-20NP

Form IT-20NP State Form 148 (R19 / 8-20) Indiana Department of Revenue Indiana Nonprofit Organization Unrelated Business Income Tax Return Calendar Year Ending December 31, 2020 or 2020 □ Fiscal Year Beginning Check box if amended. Name of Organization Check box if name changed. □ Federal Employer Identification Number Number and Street City and Ending Principal Business Activity Code State □ ZIP Code Foreign Country 2-Character Code 2-Digit County Code □ Telephone Number □ □ □ □ K Check all boxes that apply: Initial Return Final Return In Bankruptcy Schedule M L Do you have on file a valid extension of time to file your return (federal Form 7004 or an electronic extension of time)? Yes M Check the box if entity has multiple unrelated trades or businesses (see instructions) □ Adjusted Gross Income Tax Calculation on Unrelated Business Income 1. Unrelated business taxable income before NOL deduction from federal Form 990-T. Use a minus sign for negative amounts. Attach Form 990-T.............................................................. 1 2. Specific deduction (generally $1,000; see instructions)....................................................................... 2 3. Subtract line 2 from line 1.................................................................................................................... 3 Modifications (use a minus sign for negative amounts) 4. Enter name of add-back or deduction________________________________ Code No. 4 5. Enter name of add-back or deduction________________________________ Code No. 5 6. Enter name of add-back or deduction ________________________________ Code No. 6 7. Enter name of add-back or deduction________________________________ Code No. 7 8. Unrelated business income: add or subtract lines 3 through 7. If not apportioning, enter same amount on line 10....................................................................................................................... 8 9. Enter Indiana apportionment percentage, if applicable, from line 9 of IT-20 Schedule E apportionment (enclose schedule) ...................................................................................................... 9 10. Unrelated business apportioned to Indiana (multiply line 8 by line 9; otherwise, enter line 8 amount). 10 11. Enter Indiana Net Operating Loss deduction. Enclose Schedule IT-20NOL ...................................... 11 12. Taxable Indiana unrelated business income (subtract line 11 from line 10) ....................................... 12 13. Taxable income from other forms (Form 1120-POL)........................................................................... 13 14. Subtotal (add lines 12 and 13)............................................................................................................. 14 15. Indiana tax on unrelated business income (multiply line 14 by tax rate; see instructions for line 15)..... 15 16. Sales/use tax on purchases subject to use tax from Sales/Use Tax Worksheet ................................ 16 17. Total tax due (add lines 15 and 16)...................................................................................................... 17 Credit for Estimated Tax and Other Payments 18. Quarterly estimated tax paid: Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Enter total 18 19. Amount paid with extension ................................................................................................................ 19 20. Amount of overpayment credit (from tax year ending )............................................ 20 21. EDGE credit. Enter the total EDGE credit amount claimed (line 19 on Schedule IN-EDGE).............. 21 22. EDGE-R credit. Enter the total EDGE-R credit amount claimed (line 19 on Schedule IN-EDGE-R)... 22 23. Enter credits from the Offset Credits Schedule, line 2........................................................................ 23 24. Certified credits. Enter the total of certified credits claimed from Schedule IN-OCC and enclose this schedule with your return..................................................................................................................... 24 25. Total credits (add lines 18-24) ............................................................................................................. 25 26. Balance of tax due (line 17 minus line 25)............................................................................................. 26 27. Penalty for the underpayment of income tax. Attach Schedule IT-2220 ............................................. 27 □ Check box if using annualization method 28. Interest: If payment is made after the original due date, compute interest.......................................... 28 29. Penalty: If paid late, enter 10% of line 26; see instructions. If line 17 is zero, enter $10 per day filed past due date....................................................................................................................................... 29 30. Total payment due (add lines 26-29). (Payment must be made in U.S. funds) PAY THIS AMOUNT... 30 31. Total overpayment (line 25 minus lines 17 and 27-29)........................................................................ 31 32. Amount of line 31 to be refunded......................................................................................................... 32 33. Amount of line 31 to be applied to the following year’s estimated tax account.................................... 33 *24100000000* 24100000000 No 00 00 00 00 00 00 00 00 % 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 1. Offset Credits Schedule a. Enter credit name code no. 1a .00 b. Enter credit name code no. 1b .00 c. Enter credit name code no. 1c .00 d. Enter credit name code no. 1d .00 e. Enter credit name code no. 1e .00 2 .00 2. Add lines 1a through 1e. Enter total here and on Form IT-20NP, line 23______________________ Important: The total of lines 1a through 1e cannot be greater than the Indiana tax on unrelated business income as found on Form IT-20NP, line 15 (see instructions). ____________________________________________________ Personal Representative’s Name (Print or Type) ____________________________________________________ Paid Preparer: Firm’s Name (or yours if self-employed) ____________________________________________________ Personal Representative’s Email Address ____________________________________________________ PTIN ____________________________________________________ Signature of Corporate Officer Date ____________________________________________________ Telephone Number ____________________________________________________ Print or Type Name of Corporate Officer Title ____________________________________________________ Address ____________________________________________________ Signature of Paid Preparer Date ____________________________________________________ City ____________________________________________________ Print or Type Name of Paid Preparer ____________________________________________________ State Zip Code + 4 Please mail your forms to: Indiana Department of Revenue P.O. Box 7228 Indianapolis, IN 46207-7228 *24100000000* 24100000000
Extracted from PDF file 2020-indiana-form-it-20np.pdf, last modified May 2020

More about the Indiana Form IT-20NP Corporate Income Tax Tax Return TY 2020

We last updated the Current Year Nonprofit Organization Unrelated Business Income Tax Booklet with Forms and Schedules in August 2021, so this is the latest version of Form IT-20NP, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form IT-20NP directly from TaxFormFinder. You can print other Indiana tax forms here.

Other Indiana Corporate Income Tax Forms:

TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form NP-20 Nonprofit Organization's Annual Report
IT-65 Booklet Current Year Partnership Return Booklet with Forms and Schedules
IT-20 Booklet Current Year Corporate Adjusted Gross Income Tax Booklet with Forms and Schedules
IT-20S Booklet Current Year S Corporation Income Tax Booklet with Forms and Schedules
IT-20S Form Current Year S Corporation Income Tax Forms and Schedules

Download all IN tax forms View all 70 Indiana Income Tax Forms


Form Sources:

Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Form IT-20NP from the Department of Revenue in August 2021.

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Form IT-20NP is an Indiana Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Indiana Form IT-20NP

We have a total of ten past-year versions of Form IT-20NP in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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