Form It-40 - Indiana Full-Year Resident Individual Income Tax Instruction Booklet - 2011 Page 11
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60Farmers and fishermen have special filing considerations. If at least
Department applies your refund to any of these debts, you will receive a
two-thirds (2/3) of your gross income is from farming or fishing,
letter explaining the situation.
Complete Schedule IT-2210, using the Section D Short Method.
Note. There is a statute of limitations on filing refund claims. When
Schedule IT-2210A should be used by individuals who receive
filing your 2011 tax return, a claim for refund of excess withholding
income (not subject to withholding tax) unevenly during the year. This
credits must be made no later than April 17, 2014. A claim for refund
schedule will help determine whether a penalty is due, or whether an
of all other excess payments and refundable credits must be made by
exception to the penalty has been met.
April 17, 2015. (The claim is considered to be made on the day your tax
return is postmarked.) If you file your 2011 tax return after the statute
Example. Bill’s income is from selling fireworks in June and July. He
of limitations has expired, no refund will be issued.
will want to figure any penalty due on Schedule IT-2210A, which may
exempt him from having had to pay estimated tax on the April 17,
Line 22 – Direct deposit
2011, first installment due date.
You may choose to have your refund deposited in your checking,
savings or Hoosier Works Master Card account. If you want your
Example. Rachael received a sizeable lump sum distribution in Dec.
refund directed into your checking or savings account, complete lines
of 2011. She figured how much estimated tax was due, and paid it by
22 a, b, c and d.
the Jan. 15, 2012, fourth period installment due date. By completing
Schedule IT-2210A, she shows she owes no penalty for the first three
a) The routing number is nine digits, with the first two digits of the
installment periods, and that a proper payment was made for the
number beginning with 01 through 12 or 21 through 32. Do not
fourth installment period. She will owe no penalty.
use a deposit slip to verify the number because it may have internal
codes as part of the actual routing number.
Farmers and Fishermen.
Special options are available if more than two-thirds of your gross
b) The account number can be up to 17 digits. Omit any hyphens,
income for 2010 or 2011 was from farming or fishing.
accents and special symbols. Enter the number from left to right
and leave any unused boxes blank.
Option 1. Pay your estimated tax in one payment on or before Jan. 17,
2012, and file your tax return by April 17, 2012; or
c) Check the appropriate box for the type of account you are making
your deposit to: either a checking account or savings account.
Option 2. Make no estimated tax payment and file your tax return and
pay all the tax due by March 1, 2012.
d) To comply with banking rules, you must place an X in the box
on line d if your refund is going to an account outside the United
Example. More than two-thirds of Henry’s gross income is from
States. If you check the box, we will mail you a paper check.
farming. He should complete Schedule IT-2210 (not Schedule IT-
2210A). He will be able to use the Section D Short Method to figure his
Note. The routing and account numbers may appear in different
penalty or to show he meets an exception to owing a penalty.
places on your checks.
Visit our website at
to get Schedule IT-2210
If you currently have a Hoosier Works MasterCard and wish to have
or IT-2210A.
your refund directly deposited in your account, enter your 12-digit
account number on line 22b, where it says “Account Number” (do
Line 21 – Refund
not write anything on line 22a “Routing Number”). You can find
You have a refund if line 18 is greater than the combined amounts
your 12-digit account number in the upper right-hand corner of your
entered on lines 19d and 20. No refund will be issued if the
account monthly statement.
overpayment is less than one dollar.
Note. DO NOT use your MasterCard 16-digit number.
Important. If the combination of line 19d plus line 20 is greater than
the amount on line 18, you must make an adjustment. The estimated
Make sure to check the “Hoosier Works MC” box on line 22c.
tax carryover amount on line 19d is limited; it cannot be greater than
the remainder of line 18 minus line 20. See the second example under
For more information on direct deposit, please see “Where’s Your
the Line 19 instructions on page 10.
Refund” on page 5.
Please wait 12 weeks before you contact the Department about your
refund.
A note about refund offsets
Indiana law requires that money you owe to the state, its agencies
and certain federal agencies be deducted from your refund or credit
before a refund is issued. This includes money owed for past-due
taxes, student loans, child support, food stamps or an IRS levy. If the
Page 11
IT-40 Booklet 2011
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