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Form IT-20 Indiana Department of Revenue
State Form 44275
(R22 / 8-24) Indiana Corporate Adjusted Gross Income Tax Return 2024
for Calendar Year Ending December 31, 2024
or Other Tax Year Beginning 2024 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

A. Check all boxes that apply: Initial Return Final Return In Bankruptcy Insurance Co. Cooperative/IC-DISC REMIC
B. Date of incorporation in the state of I. 80% or more of gross income is derived from making, acquiring,
C. State of commercial domicile selling, or servicing loans or extensions of credit.
D. Year of initial Indiana return J. This is a consolidated return for adjusted gross income tax.
E. Location of records if different from above address: K. This return is filed on a combined basis.
L. In determining taxable income, I deducted any intangible expenses
F. 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.
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
H. 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. N. 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 _________________________________________________________________________ 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 30a. Code No. 30b 00
31. Enter name of credit 31a. Code No. 31b 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
Qtr 1 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
Under penalties of perjury, I declare I have examined this return, including all Paid Preparer’s Email Address
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: Indiana Department of Revenue, PO Box 7087, Indianapolis, IN 46207-7087.
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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