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04 Form IT-20                                                  Indiana Department of Revenue
   State Form 44275 
05 (R22 / 8-24)                       Indiana Corporate Adjusted Gross Income Tax Return                                             2024
06                                             for Calendar Year Ending December 31, 2024
07
                       or Other Tax Year Beginning                                2024 and Ending
08
09 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
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11 Number and Street                                                              Principal Business Activity Code            Foreign Country 2-Character Code
12
   City                                        State           ZIP Code                   2-Digit County Code                 Telephone Number
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14
15 A.  Check all boxes that apply:    Initial Return      Final Return     In Bankruptcy        Insurance Co.       Cooperative/IC-DISC       REMIC
16 B.  Date of incorporation                   in the state of                    I. 80% or more of gross income is derived from making, acquiring, 
17 C.  State of commercial domicile                                                  selling, or servicing loans or extensions of credit.
18 D.  Year of initial Indiana return                                             J.  This is a consolidated return for adjusted gross income tax.
19 E.  Location of records if different from above address:                       K. This return is filed on a combined basis.
20                                                                                L. In determining taxable income, I deducted any intangible expenses 
21 F.  Check box if the corporation paid any quarterly estimated tax using           or directly related intangible interest expenses paid to ≥ 50% owned 
22     different federal employer identification numbers.                            affiliates.
23 G.  Check box if you file federal Form 1120 on a consolidated basis.           M. I have on file a valid extension of time (federal Form 7004 or an 
24 H.  I am filing on a combined basis, and there are material changes in            electronic extension of time) to file my return.
25     circumstances since the last petition was filed.                           N.  This entity reports income from disregarded entities.
26
27 Computation of Adjusted Gross Income Tax                                                                                          Round all entries
28  1.  Federal taxable income (before federal NOL and special deductions); use a minus sign for negative amounts  __             1                                 00
29  2.  Net qualifying dividends deduction from federal Schedule C, Form 1120 ________________________________                    2                                 00
30  3.  Subtract line 2 from line 1 ____________________________________________________________________                          3                                 00
31 Modifications for Adjusted Gross Income (see instructions)
32  4.  Enter name of addback or deduction                                                       Code No. 4                                                         00
33  5.  Enter name of addback or deduction                                                       Code No. 5                                                         00
34  6.  Enter name of addback or deduction                                                       Code No.                         6                                 00
35  7.  Enter name of addback or deduction                                                       Code No. 7                                                         00
36  8.  Enter name of addback or deduction                                                       Code No.                         8                                 00
37  9.  Enter name of addback or deduction                                                       Code No.                         9                                 00
38 10.  Enter name of addback or deduction                                                       Code No.                         10                                00
39 11.  Subtotal (add/subtract lines 3 through 10; use a minus sign for negative amounts) ________________________                11                                00
40 Other Adjustments
41 12.  Foreign source dividends (enclose Schedule IT-20FSD; enter as a positive amount)  ______________________                  12                                00
42 13.  Subtotal of income with adjustments (subtract line 12 from line 11) ____________________________________                  13                                00
43 14.  Deduct: All source nonbusiness income or (loss) and non-unitary partnership distributions from  
44      IT-20 Schedule F, column C, line 10 ____________________________________________________________                          14                                00
45 15.  Taxable business income (subtract line 14 from line 13) _____________________________________________                     15                                00
46 Apportionment of Income for Entity with Multistate Activities
47 16.  Check one of the following apportionment methods used, attach completed schedule, and enter percentage on line 16d.
48      16a.           Schedule E, from line 9.
49      16b.           Schedule E-7, from line 10 (for interstate transportation).
50      16c.           Other approved method.
51 16d.  Enter Indiana apportionment percentage, if applicable (round percent to two decimals)  ____________________   16d                    .                     %
52 17.  Indiana apportioned business income (multiply line 15 by percent on line 16d) ___________________________                 17                                00 
53      If apportionment of income is not applicable, enter the total amount from line 15.
54 Add Allocated and Previously Apportioned Income to Indiana
55 18.  Enter Indiana nonbusiness income or loss and Indiana non-unitary partnership income or loss from  
56      IT-20 Schedule F, column D, line 11  ____________________________________________________________                         18                                00
57 19.  Indiana adjusted gross income before net operating loss deduction (add lines 17 and 18)  __________________               19                                00
58 Deduct from Indiana Adjusted Gross Income
59 20.  Indiana NOL deduction. Enter as positive amount from column B of Schedule IT-20NOL(s) for each loss year  __              20                                00
60 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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04
05
06 Tax Calculation
07 22. Enter amount of Indiana adjusted gross Income subject to tax from line 21 ______________________________                        22              00
08 23. Indiana adjusted gross income tax (multiply line 22 by tax rate; see instructions; cannot be less than zero) _____              23              00
09 24. Sales/Use Tax Due  _________________________________________________________________________                                    24              00
10 Nonrefundable Tax Liability Credits (enclose supporting documentation)
11 25. College and University Contribution Credit (CC-40)                                  25a. 807 _____________   25b                                00
12 26. Indiana Research Expense Credit (IT-20REC)                                          26a. 822 _____________   26b                                00
13 27. Enterprise Zone Employment Expense Credit (EZ 2)                                    27a. 812 _____________   27b                                00
14 28. Enterprise Zone Loan Interest Credit (LIC)                                          28a. 814 _____________   28b                                00
15 Other Nonrefundable Credits (see instructions)
16 29. Enter the total of certified credits claimed from Schedule IN-OCC and enclose this schedule with your return ___                29              00
17 30. Enter name of credit                                                                30a. Code No.                               30b             00
18 31. Enter name of credit                                                                31a. Code No.                               31b             00
19 32. Total of nonrefundable tax liability credits (add lines 25b through 31b; sum of credits applied may not  
20     exceed line 23; other restrictions may apply)  _____________________________________________________                            32              00
21 33. Total taxes due (add lines 23 and 24 and then subtract line 32; cannot be less than zero)  __________________                   33              00
22 Credit for Estimated Tax, Other Payments, and Refundable Credits 
23 34. Total quarterly estimated income tax paid (itemize quarterly IT-6/EFT payments below) ____________________                      34              00
24     Qtr 1                  Qtr 2              Qtr 3            Qtr 4
25 35. Enter overpayment credit from tax year ending        ________________________________________                                   35              00
26 36. Enter this year’s extension payment ____________________________________________________________                                36              00
27 37. Other payments, credits (attach supporting evidence)  ______________________________________________                            37              00
28 38. EDGE credit (enter amount from line 19 of Schedule IN-EDGE)_______________________________________                              38              00
29 39. EDGE-R credit (enter amount from line 19 of Schedule IN-EDGE-R) ___________________________________                             39              00
30 40. Total payments and credits (add lines 34 through 39) _______________________________________________                            40              00
31 Balance of Tax Due or Overpayment
32 41. Balance of Tax Due: If line 33 is greater than line 40, enter the difference as the net tax balance due  ________               41              00
33 42. Penalty for Underpayment of Income Tax from attached Schedule IT-2220         Check box if using annualization method           42              00
34 43. Interest: If payment is made after the original due date, compute interest. (Contact the Department for current interest rate)  43              00
35 44. Late Penalty: If paying late, enter 10% of line 41; see instructions. If lines 23 and 24 are zero, enter $10 per day  
36     filed past due date; see instructions on page 24 ___________________________________________________                            44              00
37 45. Total Amount Owed: Add lines 41 through 44. Make check payable to Indiana Department of Revenue. Pay in U.S. funds              45              00
38 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
39 47. Refund: Enter portion of line 46 to be refunded ____________________________________________________                            47              00
40 48. Overpayment Credit: Amount of line 46 less line 47 to be applied to the following year’s estimated tax account __               48              00
41
   Certification of Signatures and Authorization Section
42 Under penalties of perjury, I declare I have examined this return, including all        Paid Preparer’s Email Address
43 accompanying schedules and statements, and to the best of my knowledge 
44 and belief it is true, correct, and complete.
45 I authorize the Department to discuss my return with my personal 
46 representative (see instructions).      Yes         No
47
48                                                                                  Paid Preparer: Firm’s Name (or yours if self-employed)
49 Personal Representative’s Name (Print or Type)
                                                                                    PTIN
50
51 Email Address
52
53 Signature of Corporate Officer                   Date                            Telephone Number
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55 Print or Type Name of Corporate Officer Title                                    Address
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57 Signature of Paid Preparer                       Date                            City
58
59 Print or Type Name of Paid Preparer                                              State                                                  ZIP Code + 4
60                If you owe tax, please mail your return to: Indiana Department of Revenue, PO Box 7087, Indianapolis, IN 46207-7087.  
61                If you do not owe any tax, mail it to: Indiana Department of Revenue, PO Box 7231, Indianapolis, IN 46207-7231.
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