Form It-20s - Indiana S Corporation Income Tax Return - 2009

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Indiana Department of Revenue
IT-20S
Form
Indiana S Corporation Income Tax Return
State Form 10814 (R8/8-09)
for Calendar Year Ending December 31, 2009
or Other Tax Year Beginning
_________/________/2009 and Ending
________/________/ __________
Check box if amended.
Check box if name changed.
Name of Corporation
Federal Identification Number
Number and Street
Indiana County or O.O.S.
Principal Business Activity Code
City
State
ZIP Code
Telephone Number
(
)
Check all that apply to entity:
Initial Return
Final Return
In Bankruptcy
K. Date of incorporation
in the State of
P.
Composite Return
Schedule M
L. State of commercial domicile
Enter total number of shareholders:
Q.
Enter number of nonresident shareholders:
M. Year of initial Indiana return
R.
Do you have on file a valid extension of time to file your return?
N. Accounting method:
Cash
(federal Form 7004 or an electronic extension of time)
Y
N
Accrual
Other
S.
Did the corporation file as a C corporation for the prior tax period?
Y
N
O. Date of election as S corporation
Is this corporation a member of any partnerships?
Y
N
T.
Round all entries
Schedule A - S Corporation Adjusted Gross Income
1. Total net income (loss) from U.S. S corporation return, Form 1120S Schedule K, lines 1 through line 10, less line 11
●00
and a portion of line 12 related to investment income (see instructions) .........................................................................
1
●00
2a. Enter name of addback or deduction (see instructions) _______________________________ Code No. __ __ __
2a
●00
2b. Enter name of addback or deduction ______________________________________________ Code No. __ __ __
2b
●00
2c. Enter name of addback or deduction ______________________________________________ Code No. __ __ __
2c
●00
2d. Enter name of addback or deduction ______________________________________________ Code No. __ __ __
2d
●00
2e. Enter name of addback or deduction ______________________________________________ Code No. __ __ __
2e
●00
2f. Enter the total amount of addbacks and deductions from any additional sheets (enter negative amount in <brackets>) ... 2f
●00
3. Total S corporation income, as adjusted (add lines 1 through 2f) ...................................................................................
3
.
%
4. Enter average percentage for Indiana apportioned adjusted gross income from IT-20S Schedule E line (4c) ...............
4
Schedule B - Excess Net Passive Income & Built-In Gains
●00
5. Excessive net passive income or LIFO recapture tax as reported on federal Form 1120S, line 22a ...............................
5
●00
6. Tax from federal Schedule D as reported on federal Form 1120S, line 22b .....................................................................
6
●00
7. Excess net passive income from federal worksheet ........................................................................................................
7
●00
8. Built-in gains from federal Schedule D (1120S)................................................................................................................
8
●00
9. Add the amounts on lines 7 and 8 ....................................................................................................................................
9
●00
10. Taxable income apportioned to Indiana (multiply line 9 by line 4) (if applicable) ..............................................................
10
11. Corporate adjusted gross income tax rate (*see instructions for line 12) .........................................................................
11
X 8.5%*
●00
12. Total income tax from Schedule B (multiply line 10 by percent on line 11 or enter amount from Schedule M) ................
12
Summary of Calculations
●00
13. Sales/use tax on purchases subject to use tax from Sales/Use Tax Worksheet ............................................................
13
●00
14. Total composite tax from completed Schedule IT-20SCOMP (15G). Attach schedule ....................................................
14
●00
15. Total tax (add lines 12 - 14). Enter here and carry to page 2, line 16. If line 15 is zero, see line 21 ................................
15
*117091101*
117091101
VN

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