Form It-20s - S Corporation Income Tax Booklet - Indiana Department Of Revenue - 2005 Page 14
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19are attributable to Indiana if the proceeds of the loan are to be
4. Summary: Apportionment of Income for Indiana
(a) Divide sum on line 3A by the total from line 3B.
applied in Indiana. Interest income, merchant discounts, travel
Multiply by 100 to arrive at a percentage rounded to
and entertainment credit card receivables and credit card
holder’s fees are attributable to the state where the card charges
the nearest second decimal place. Enter the quotient
on the 4(a)1 space provided and multiply by the
and fees are regularly billed.
200% (2.0) double weight adjustment. Enter the
Receipts from the performance of fiduciary and other
services are attributable to the state where the benefits of the
product on line 4a of column C.
services are consumed. Receipts from the issuance of
(b) Add entries on lines 1C, 2C and 4a of column C.
Enter the sum of the percentages on line 4b.
traveler’s checks, money orders, or United States savings
(c) Divide the total percentage entered on line 4b by 4.
bonds are attributable to the state where those items are
purchased. Receipts in the form of dividends from investments
Enter the average Indiana apportionment percentage
(rounded to the nearest second decimal place) on
are attributable to Indiana if the commercial domicile is in
line 4c and carry to Schedule A, line 5 of Form IT-20S.
Indiana; and (4) gross receipts from the performance of
services are in Indiana if the services are performed in Indiana.
The property and payroll factors are each valued as a
If such services are performed partly within and partly outside
factor of 1 in the apportionment of income formula. The
of Indiana, a portion of the gross receipts from performance of
the services shall be attributed to Indiana based upon the
receipts factor is valued as a factor of 2. The combined three-
ratio the direct costs incurred in Indiana bear to the total direct
factor denominator equals 4. When there is a total absence
of one of these factors in column B, you must divide the
costs of the services, unless the services are otherwise directly
sum of the percentages by the number of the remaining
attributed to Indiana according to I.C. 6-3-2-2.2.
factor values present in the apportionment formula.
Sales to the United States Government
Part II - Business/Other Income Questionnaire
The United States Government is the purchaser when it
makes direct payment to the seller. A sale to the United
Complete all applicable questions in this section. If
income is apportioned, list (a) all business locations where
States Government of tangible personal property is in Indiana
the corporation has operations. Indicate (b) the nature of
if it is shipped from an office, store, warehouse, or other place
of storage in Indiana. See above rules for sales other than
the business activity at each location, including whether a
location (c) accepts orders in that state, (d) is registered to
tangible personal property if such sales are made to the United
do business in that state, or (e) files income tax returns in
States Government.
Under (f) Other, report other gross business receipts not
other states, and whether property in the other states is (f)
included elsewhere, and pro rata gross receipts from all unitary-
owned or (g) leased.
You must attach the completed IT-20S Schedule E,
partnership(s), excluding from the factors the portion of
Apportionment of Income to your return.
distributive share income derived from a previously apportioned
partnership source [45 I.A.C. 3.1-1-153(b)].
Total Receipts
Complete all lines as indicated. Add receipt factor lines
3(a) through 3(f) in column A, enter total on line 3A. Enter
total receipts everywhere on line 3B. See line 4(a) for
calculation of the percentage. Round percentage to the nearest
second decimal place.
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