Form Fit-20 - Indiana Financial Institution Tax Return - 2005
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5Form FIT-20
Indiana Financial Institution Tax Return
For Calendar Year Ending December 31, 2005 or
AA
Fiscal Year Beginning
_________/_____/ 2005
State Form 44623 (R4/8-05)
Department of Revenue
and Ending
________/_____/_____
BB
Federal Identification Number
A
Name of Corporation
Principal Business Activity Code
B
H
Number and Street
County
Indiana Taxpayer Identification Number
D
I
C
City
State
Zip Code
Corporation Telephone Number
(
J
)
E
G
F
Check box if this is a state chartered credit union or an investment company registered under the Investment Company
K
Act of 1940. (Also see instructions for line 18 and FIT-20 Schedule E-U)
L. Date of incorporation
1
in the State of
2
S
Check:
M. State of Commercial Domicile
1
Initial Return
2
Final Return
3
In Bankruptcy
N. Year of initial Indiana return
O. Location of accounting records if different from above
T
Is this return filed on a combined basis under the unitary
address:
1
2
concept? ..................................................
Yes
No
P. Accounting method:
1
Cash
2
Accrual
U
Is this a separate return by a member of a unitary group?
Q. Did the corporation make estimated tax payments using a
(See instructions pages 5 and 18 ) ........
1
Yes
2
No
different Federal Identification Number?
1
Yes
No
2
List any other Federal Identification Numbers on
V
Have you filed an extension of time to file the return?
Schedule H.
1
Yes
2
No
R. Is 80% or more of your gross income derived from making,
If yes, a copy of the extension form must be attached.
acquiring, selling, or servicing loans or extensions of
credit?
Yes
No
If you answer no, do not file
1
2
W.
Are you a member of a partnership? ......
Yes
No
1
2
this return; file Form IT-20.
If you answer yes, see instruction page 5.
Schedule A
Income:
1.
Federal taxable income (before net operating loss deduction and special federal deduction) ..
1
2.
Qualifying dividend deduction .......................................................................................................
2
3.
Subtotal (Subtract line 2 from line 1) .............................................................................................
3
Addback: Enter an amount equal to the deduction taken for:
4.
Bad debts (IRC Sec. 166) (see instructions) ................................
4
5.
Bad debt reserves for banks (IRC Sec. 585) ................................
5
6.
Bad debt reserves (IRC Sec. 593) .................................................
6
2005
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
gains on federal Schedule D (IRC Sec. 1212) ..............................
9
FIT-20
10.
Amount of interest excluded for state and local obligations
(IRC Sec. 103) minus the associated expenses (IRC Sec. 265) .. 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
12.
Total Addbacks: (Add lines 4 through 11C) .................................................................................. 12
13.
Subtotal (Add line 3 and line 12) ................................................................................................... 13
Deductions:
14.
Subtract income that is derived from sources outside the
United States and was included in federal taxable income .......... 14
15.
Subtract an amount equal to a debt or portion of a debt that
becomes worthless - net of all recoveries (IRC Sec. 166) .......... 15
16.
Subtract an amount equal to any bad debt reserves that are
included in federal income because of accounting method
changes (IRC Sec. 585(c)(3)(a) or Sec. 593) ................................ 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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