Form Fit-20 - Indiana Financial Institution Tax Return - State Of Indiana
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5Form
Department of Revenue
Indiana Financial Institution Tax Return
FIT-20
Calendar Year Ending December 31, 2006 or
State Form 4463
Fiscal Year Beginning
_________/_____/ 2006
AA
(R/ 8-06)
and Ending
________/_____/_____
Check box if name changed
BB
B1
Name of Corporation
Federal Identification Number
B
A
Number and Street
County
Principal Business Activity Code
H
D
C
City
State
ZIP Code
Corporation Telephone Number
I
E
G
(
)
F
Check box if this is a state chartered credit union or an investment company registered under the Investment Company Act of
K
1940. (Also see instructions for line 18 and FIT-0 Schedule E-U)
L. Date of incorporation
in the state of
1
S
Check:
2
M. State of Commercial Domicile
1
Initial Return
Final Return
In Bankruptcy
2
3
N. Year of initial Indiana return
T
O. Location of accounting records if different from above
Is this return filed on a combined basis under the unitary
address:
concept? ...................................................
1
Yes
2
No
Cash
Accrual
P. Accounting method:
1
2
U
Is this a separate return by a member of a unitary group?
Q. Did the corporation make estimated tax payments using a
1
2
(See instructions pages 4 and 17 ) ...........
Yes
No
different Federal Identification number? Yes
1
2
No
List any other Federal Identification numbers on
Indicate if you filed an extension of time to file the federal
V
Schedule H.
return? If yes, attach a copy of the extension form to the
R. Is 80% or more of your gross income derived from making,
2
1
return.
Yes
No
acquiring, selling, or servicing loans or extensions of
Enter federal electronic confirmation number: __________
3
1
credit? Yes
2
No
If you answer no, do not file
W.
1
2
Are you a member of a partnership? ........
Yes
No
this return; file Form IT-20.
If you answer yes, see instruction page 4.
Schedule A
Income:
1.
Federal taxable income (before net operating loss deduction and special federal deduction) .......
1
.
Qualifying dividend deduction ........................................................................................................
3.
Subtotal (Subtract line from line 1) ..............................................................................................
3
Add back: Enter an amount equal to the deduction taken for:
4.
Bad debts (IRC Sec. 166) (see instructions)....................................
4
.
Bad debt reserves for banks (IRC Sec. 8) ...................................
6.
Bad debt reserves (IRC Sec. 93) ...................................................
6
2006
7.
Charitable contributions (IRC Sec. 170) ..........................................
7
8.
All state and local income taxes.......................................................
8
9.
Net capital loss carryovers to the extent used in offsetting capital
FIT-20
gains on federal Schedule D (IRC Sec. 11) .................................
9
10.
Amount of interest excluded for state and local obligations
(IRC Sec. 103) minus the associated expenses (IRC Sec. 6) ..... 10
Other modifications to income:
11A. Domestic production activities deduction (IRC Sec. 199) ............... 11A
11B. Net bonus depreciation, add or subtract net amount ....................... 11B
11C. Excess IRC Section 179 deduction, add or subtract ......................
If line 11B or 11C is negative enter amount in <brackets>
11C
1.
Total Add backs: (Add lines 4 through 11C) .................................................................................... 1
13.
Subtotal (Add line 3 and line 1) ..................................................................................................... 13
Deductions:
14.
Subtract income that is derived from sources outside the
United States and was included in federal taxable income ............. 14
1.
Subtract an amount equal to a debt or portion of a debt that
becomes worthless - net of all recoveries (IRC Sec. 166) ............ 1
16.
Subtract an amount equal to any bad debt reserves that are
included in federal income because of accounting method
changes (IRC Sec. 8(c)(3)(a) or Sec. 93) .................................. 16
17.
Total Deductions: (Add lines 14 through 16) ................................................................................... 17
18.
Total Income Prior to Apportionment: (Subtract line 17 from line 13)............................................ 18
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