Form It-20np - Nonprofit Organization Unrelated Business Income Tax Booklet

to bingo; rafﬂes; door prizes; charity gaming nights; a festival

overpayment, the return must be ﬁled within three years from the

event; and the sale of pull tabs, punchboards, and tip boards. Each

latter of the date of overpayment or the due date of the return.

of these activities requires notiﬁcation and/or licensing.

IC 6-8.1-9-1 entitles a taxpayer to claim a refund because of a

All nonproﬁt organizations planning to conduct charity gaming

reduction in tax liability resulting from a federal modiﬁcation.

activities must register with the Indiana Gaming Commission by

The claim for refund should be ﬁled within six months from

ﬁling Form CG-QA, Charity Gaming Qualiﬁcation Application.

the date of modiﬁcation by the Internal Revenue Service. If an

Activities such as auctions, midway-style games, and games of

agreement to extend the statute of limitations for an assessment

skill are not regulated by the charity gaming law. Contact:

is entered into between the taxpayer and the Department, the

Indiana Gaming Commission

period for ﬁling a claim for refund is likewise extended.

101 W. Washington Street

East Tower, Suite 1600

Estimated Quarterly Tax Payments

Indianapolis, IN 46204

A nonproﬁt organization whose adjusted gross income tax

317-23-BINGO (317-232-4646)

liability on unrelated business income exceeds $2,500 for a taxable

Web address:

year must file quarterly estimated tax payments.

Extensions for Filing Return

If the organization’s estimated payments exceed the tax liability,

The Department accepts the federal extension of time application

credit should be claimed on the annual return, Form IT20-NP,

(Form 7004) or the federal electronic extension. If you have an

to request a refund or carry over the excess amount to the next

extension, you do not need to contact the Department prior to

year’s estimated tax account. If an estimated account needs to be

filing the annual return. Returns postmarked within 30 days after

established, obtain Form E-6 to remit the initial payment and to

the last date indicated on the federal extension are considered

request preprinted quarterly estimated IT-6 returns.

timely filed. When an organization does not need a federal

extension of time but needs one for filing the state return, a

The quarterly estimated tax payments are submitted with an

letter requesting such an extension should be submitted to the

appropriate Indiana voucher, Form IT-6, or by electronic funds

Department prior to the due date of the annual return.

transfer (EFT), depending on the amount of the payment due.

The quarterly due dates for estimated income tax payments for

To request an Indiana extension of time to file, contact the

calendar-year organizations are April 22, June 20, Sept. 20, and

Indiana Department of Revenue, Data Control Business Tax,

Dec. 20, 2013. Fiscal-year and short-year filers must remit by the

Returns Processing Center, 100 N. Senate Ave., Indianapolis,

20th day of the 4th, 6th, 9th, and 12th months of their tax period.

IN 46204-2253.

Claim credit for your estimated and extension payments on lines

An extension of time granted under IC 6-8.1-6-1 waives the late

18 and 19 of Form IT-20NP. Taxpayers should note that refunds

payment penalty for the extension period on the balance of tax

reflected on the annual corporate income tax return may be

due provided 90 percent of the current year’s total tax liability is

applied to the next taxable year’s estimated liability by entering

paid on or prior to the original due date. Form IT-6 should be

the amount to be credited on line 30 of the IT-20NP return. An

used to make an extension payment for your taxable year. This

overpayment of estimated payments must be claimed on the

payment will be processed as a “fifth” estimated payment. (See

annual return to obtain a refund. After a check is remitted for the

Income Tax Bulletin #15 at for more

remainder of a year’s estimated income tax liability, no further

details.) Any tax paid after the original due date must include

estimated returns should be filed with the Department after the

interest.

date of payment. All checks remitted to the Department should

be accompanied by a return or a complete explanation for the

Interest on the balance of tax due must be included with the

payment. A zero liability for a quarter does not require Form IT-6

return when it is filed. Interest is computed from the original

to be filed.

due date until the date of payment. In November of each year,

the Department establishes the interest rate for the next calendar

The quarterly estimated payment must be equal to the lesser

year. See Departmental Notice #3 at for

of 25 percent of the adjusted gross income tax liability for the

interest rates.

taxable year or the annualized income installment calculated in

the manner provided by IRC Section 6655(e) as applied to the

If you have a valid extension of time or a federal electronic

corporation’s liability for adjusted gross income tax.

extension to file, you must check box L1 on the front of the

return. If applicable, enclose a copy of the federal extension of

Also if a taxpayer’s estimated liability exceeds $5,000 per quarter,

time with the return when filing your state return.

the taxpayer is required to remit the tax by electronic funds

transfer (EFT). If the estimated payment is made by EFT, the

taxpayer is not required to file Form IT-6. Questions relating to

Amended Returns

EFT payments should be directed to (317) 232-5500.

To amend a previously ﬁled Form IT-20NP, a corrected copy of

the original form must be ﬁled. Check box A1 at the top of the

If you need to establish an estimated account, contact the

form if you are filing an amended return. To claim a refund of an

Department to remit the initial payment and to request preprinted

Form It-20np - Nonprofit Organization Unrelated Business Income Tax Booklet - 2012 Page 5

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