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

Indiana Department of Revenue

Form FIT-20

2011 Financial Institution Tax Return

Members of Unitary Group Filing a Combined Return

FIT-20 Schedule H

State Form 44626 (R10/8-11)

Identify all members of the unitary group (other than the reporting member) that are transacting business wholly or partially within

Indiana included in the combined filing. Indicate the amount, if any, of estimated tax that was separately paid by a member under its

own federal identification number. Attach additional sheets if necessary.

Federal Identification

Street Address

City

State ZIP

Estimated

Name of Member

Number

Code

Tax Paid

Schedule FIT-2220

Underpayment of Estimated Tax by Financial Institutions

State Form 44628 (R10/8-11)

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 see line 8 instructions below) ......................................... 5

(b)

(c)

(d)

Calculate Quarterly Underpayment Penalty

(

4th Quarter

6. Enter in (a) through (d) the quarterly installment

1st Quarter

2nd Quarter

3rd Quarter

dates corresponding to the 20th day of the 4th, 6th,

9th, and 12th months of the tax year ..............................

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's 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 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. ............................................................................................................

*24100000000*

24100000000

Instructions For Form Fit-20 - Indiana Financial Institution Tax Return - 2011 Page 22

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