Instructions For Form Fit-20 - Indiana Financial Institution Tax Return

Indiana Department of Revenue

2011 Financial Institution Tax Booklet

This booklet contains forms and instructions for preparing Indiana ﬁnancial institution returns

for tax year 2011 and for ﬁscal years beginning in 2011 and ending in 2012.

Table of Contents

General Filing Requirements for FIT-20 Forms and Schedules .......................................................................................3

Instructions for Completing Form FIT-20 ................................................................................................................................6

Net Capital Loss Adjustment for FIT-20 Line 23 - Sample Worksheet ....................................................................... 10

Instructions for FIT-20 Schedule E-U Apportionment of Receipts to Indiana ........................................................ 17

Instructions for Filing a Combined Return:

Attributing Receipts of a Taxpayer Filing a Combined Return ..................................................................................... 18

Instructions for Schedule FIT-NRTC - Nonresident Tax Credit ...................................................................................... 18

Form FIT-20 - Indiana Financial Institution Tax Return...................................................................(return pages 1-2)

FIT-20 Schedule E-U - Apportionment of Receipts to Indiana .......................................................... (return page 3)

FIT-20 Schedule H – Members of Unitary Group Filing a Combined Return ............................... (return page 4)

Schedule FIT-2220 - Underpayment of Estimated Tax by Financial Institutions ........................ (return page 4)

Schedule FIT-NRTC - Indiana Financial Instruction Nonresident Tax Credit ........................................................... 23

Instructions for Schedule FIT-20NOL ..................................................................................................................................... 24

Schedule FIT-20NOL - Computation of Indiana Member’s Net Operating Loss Deduction ............................. 25

Form FT-ES - Indiana Financial Institution Tax Return - Estimated Quarterly Payment ...................................... 26

Form FT-EXT - Indiana Financial Institution Tax Return - Extension Payment ........................................................ 26

Special Reminders ........................................................................................................................................................................ 27

Instructions for Form FT-ES ....................................................................................................................................................... 27

FIT-20 Schedule SUT - Sales/Use Tax Worksheet ............................................................................................................... 28

For Other Indiana Department of Revenue Forms:

Internet Address -

Our home page provides access to forms, information bulletins and directives, tax publications, e-mail, and various filing options.

Tax Forms Order Line - (317) 615-2581