Form Fit-20 - Indiana Financial Institution Tax Return - 2001 Page 4
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5Indiana Department of Revenue
Form FIT-20
Page 4
State Form 44626
FIT-20 Schedule H
Other Corporations that made Estimated Payments
(R/9-01)
List below the federal identification number for any corporations that made estimated tax payments during the year, and are included
in this filing if it is for a unitary group. Attach additional sheets if necessary.
Name of Corporation
Federal Identification Number
Total Payments
FIT-20 Schedule SUT
Sales/Use Tax Worksheet
State Form 44627
List all purchases made during 2001 from out-of-state companies.
Column A
Column B
Column C
(R/9-01)
Date of
Purchase Price
Description of personal property purchased from out-of state
Purchase(s)
of Property(s)
Magazine subscriptions:
Mail order purchases:
Internet purchases:
Other purchases:
1. Total purchase price of property subject to the sales/use tax .........................................................
1
2. Sales/use tax: Multiply line 1 by .05 (5%) .........................................................................................
2
3. Sales tax previously paid on the above items (up to 5% per item) .................................................
3
4. Total amount due: Subtract line 3 from line 2. Carry to Form FIT-20, line 30. If the amount
is negative, enter zero and put no entry on line 30 of the FIT-20 .....................................................
4
Schedule FIT-2220
Underpayment of Estimated Tax by Financial Institutions
State Form 44628 (R/9-01)
Name
Federal Identification Number
Calculate Minimum Quarterly Payment
1.
Net tax due (line 39 of Form FIT-20) ...................................................................................................
1
2.
Use tax due (line 30 of Form FIT-20) ..................................................................................................
2
3.
Subtract line 2 from line 1: Net Financial Institution Tax Due ............................................................
3
4.
Multiply line 3 by 80% (.80) ................................................................................................................
4
5.
Enter 25% (.25) of line 4 (Enter here and on line 8).............................................................................
5
(a)
(b)
(c)
(d)
Calculate Quarterly Underpayment Penalty
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
6.
Enter due date of quarterly estimate ...................................
7.
Enter the amount paid for each quarter ..............................
8.
Enter the lesser of the amount from line 5 above, or 25%
of the previous year financial institution tax liability .........
9.
Subtract line 8 from line 7. Overpayments will be a
positive figure. Underpayments will be a negative figure ..
10.
Enter overpayment, if any, from line 11 of the preceding
column in excess of any prior underpayments ...................
11.
Add net amount on line 10 to entry on line 9 and enter
total (If result is a negative, this is your underpayment) ...
12.
Compute 10% penalty on the underpayment amount on
line 11 (Enter as positive numbers) ....................................
13.
Add line 12, columns A through D and enter total
here and on line 45 of Form FIT-20...............................................................................................................
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