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Form IT-20 Indiana Department of Revenue
State Form 44275 Indiana Corporate Adjusted Gross Income Tax Return
(R21 / 8-23) For Calendar Year Ending December 31, 2023 or Other Tax Year 2023

Beginning 2023 and ending
Check box if amended Check box if amendment is due to a federal audit Check box if name changed
Name of Corporation Federal Employer Identification Number
Number and Street Principal Business Activity Code Foreign Country 2-Character Code
City State ZIP Code 2-Digit County Code Telephone Number

J. Check all boxes that apply: Initial Return Final Return In Bankruptcy Insurance Co. Cooperative/IC-DISC REMIC
K. Date of incorporation ____________ in the state of _______________ R. 80% or more of gross income is derived from making, acquiring,
L. State of commercial domicile ____________________ selling, or servicing loans or extensions of credit.
M. Year of initial Indiana return _____________________ S. This is a consolidated return for adjusted gross income tax.
N. Location of records if different from above address: T. This return is filed on a combined basis.
________________________________________________________ U. In determining taxable income, I deducted any intangible expenses
O. Check box if the corporation paid any quarterly estimated tax using or directly related intangible interest expenses paid to ≥ 50% owned
different federal employer identification numbers affiliates.
P. Check box if you file federal Form 1120 on a consolidated basis V. I have on file a valid extension of time (federal Form 7004 or an
Q. I am filing on a combined basis, and there are material changes in electronic extension of time) to file my return.
circumstances since the last petition was filed. W. This entity reports income from disregarded entities.

Computation of Adjusted Gross Income Tax Round All Entries
1. Federal taxable income (before federal NOL and special deductions); use a minus sign for negative amounts ....... 1 00
2. Net qualifying dividends deduction from federal Schedule C, Form 1120 .................................................................. 2 00
3. Subtract line 2 from line 1 ......................................................................................................................................... 3 00
Modifications for Adjusted Gross Income (see instructions)
4. Enter name of addback or deduction _____________________________________________Code No. __ __ __ 4 00
5. Enter name of addback or deduction _____________________________________________Code No. __ __ __ 5 00
6. Enter name of addback or deduction _____________________________________________Code No. __ __ __ 6 00
7. Enter name of addback or deduction _____________________________________________Code No. __ __ __ 7 00
8. Enter name of addback or deduction _____________________________________________Code No. __ __ __ 8 00
9. Enter name of addback or deduction _____________________________________________Code No. __ __ __ 9 00
10. Enter name of addback or deduction _____________________________________________Code No. __ __ __ 10 00
11. Subtotal (add/subtract lines 3 through 10; use a minus sign for negative amounts) .................................................. 11 00
Other Adjustments
12. Foreign source dividends (enclose Schedule IT-20FSD; enter as a positive amount) ............................................... 12 00
13. Subtotal of income with adjustments (subtract line 12 from line 11) .......................................................................... 13 00
14. Deduct: All source nonbusiness income or (loss) and non-unitary partnership distributions from IT-20
Schedule F, column C, line 10 .................................................................................................................................... 14 00
15. Taxable business income (subtract line 14 from line 13) ............................................................................................ 15 00
Apportionment of Income for Entity with Multistate Activities
16. Check one of the following apportionment methods used, attach completed schedule, and enter percentage on line 16d
16a Schedule E, from line 9.
16b Schedule E-7, from line 10 (for interstate transportation).
16c Other approved method.
16d. Enter Indiana apportionment percentage, if applicable (round percent to two decimals) ........................................... 16d . %
17. Indiana apportioned business income (multiply line 15 by percent on line 16d) ........................................................ 17 00
If apportionment of income is not applicable, enter the total amount from line 15.
Add Allocated and Previously Apportioned Income to Indiana
18. Enter Indiana nonbusiness income or loss and Indiana non-unitary partnership income or loss from IT-20
Schedule F, column D, line 11 .................................................................................................................................... 18 00
19. Indiana adjusted gross income before net operating loss deduction (add lines 17 and 18) ....................................... 19 00
Deduct from Indiana Adjusted Gross Income
20. Indiana NOL deduction. Enter as positive amount from column B of Schedule IT-20NOL(s) for each loss year ....... 20 00
21. Taxable adjusted gross income (subtract line 20 from line 19 and carry positive result to line 22 on page 2 of return) . 21 00

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Tax Calculation
22. Enter amount of Indiana adjusted gross Income subject to tax from line 21 .............................................................. 22 00
23. Indiana adjusted gross income tax (multiply line 22 by tax rate; see instructions; cannot be less than zero) ............ 23 00
24. Sales/use tax due from worksheet ............................................................................................................................. 24 00
Nonrefundable Tax Liability Credits (enclose supporting documentation)
25. College and University Contribution Credit (CC-40) 25a. 807 ........................................................ 25b 00
26. Indiana Research Expense Credit (IT-20REC) 26a. 822 ........................................................ 26b 00
27. Enterprise Zone Employment Expense Credit (EZ 2) 27a. 812 ........................................................ 27b 00
28. Enterprise Zone Loan Interest Credit (LIC) 28a. 814 ........................................................ 28b 00
Other Nonrefundable Credits (see instructions)
29. Enter the total of certified credits claimed from Schedule IN-OCC and enclose this schedule with your return ........ 29 00
30. Enter name of credit __________________________________ Code No. 30a. __ __ __ 30 00
31. Enter name of credit ___________________________________ Code No. 31a. __ __ __ 31 00
32. Total of nonrefundable tax liability credits (add lines 25b through 31b; sum of credits applied may not exceed
line 23; other restrictions may apply) .......................................................................................................................... 32 00
33. Total taxes due (add lines 23 and 24 and then subtract line 32; cannot be less than zero) ....................................... 33 00
Credit for Estimated Tax, Other Payments, and Refundable Credits
34. Total quarterly estimated income tax paid (itemize quarterly IT-6/EFT payments below) .......................................... 34 00
Qtr1_________ Qtr 2_________ Qtr 3 _________ Qtr 4_________
35. Enter overpayment credit from tax year ending _____________ .......................................................................... 35 00
36. Enter this year’s extension payment .......................................................................................................................... 36 00
37. Other payments, credits (attach supporting evidence) ............................................................................................... 37 00
38. EDGE credit (enter amount from line 19 of Schedule IN-EDGE) ............................................................................... 38 00
39. EDGE-R credit (enter amount from line 19 of Schedule IN-EDGE-R) ....................................................................... 39 00
40. Total payments and credits (add lines 34 through 39) ................................................................................................ 40 00
Balance of Tax Due or Overpayment
41. Balance of Tax Due: If line 33 is greater than line 40, enter the difference as the net tax balance due 41 00
42. Penalty for Underpayment of Income Tax from attached Schedule IT-2220 Check box if using annualization method 42 00
43. Interest: If payment is made after the original due date, compute interest. (Contact the Department for current interest rate) 43 00
44. Late Penalty: If paying late, enter 10% of line 41; see instructions. If lines 23 and 24 are zero, enter $10 per day
filed past due date; see instructions on page 24 ........................................................................................................ 44 00
45. Total Amount Owed: Add lines 41 through 44. Make check payable to Indiana Department of Revenue. Pay in U.S. funds ... 45 00
46. Overpayment: If the sum of lines 33, 42, 43, and 44 is less than line 40, enter the difference as an overpayment ... 46 00
47. Refund: Enter portion of line 46 to be refunded .......................................................................................................... 47 00
48. Overpayment Credit: Amount of line 46 less line 47 to be applied to the following year’s estimated tax account ...... 48 00

Certification of Signatures and Authorization Section Paid Preparer’s Email Address
Under penalties of perjury, I declare I have examined this return, including all accompanying schedules
and statements, and to the best of my knowledge and belief it is true, correct, and complete.
I authorize the Department to discuss my return with my personal
representative (see instructions) Yes No
Paid Preparer: Firm’s Name (or yours if self-employed)
Personal Representative’s Name (Print or Type)
PTIN
Email Address

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
If you owe tax, please mail your return to IN Department of Revenue, PO Box 7087, Indianapolis, IN 46207-7087.
If you do not owe any tax, mail it to IN Department of Revenue, PO Box 7231, Indianapolis, IN 46207-7231.
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