Instructions for Form IT-20S, State Form 10814 Indiana S Corporation Income Tax Return - Indiana

Form IT-20S (State Form 10814) Indiana S Corporation Income Tax Return - Indiana

This document contains official instructions for Form IT-20S , and State Form 10814 . Both forms are released and collected by the Indiana Department of Revenue. An up-to-date fillable Form IT-20S (State Form 10814) is available for download through this link.

FAQ

Q: What is Form IT-20S?
A: Form IT-20S is the Indiana S Corporation Income Tax Return.

Q: Who should file Form IT-20S?
A: S Corporations in Indiana should file Form IT-20S.

Q: What is the purpose of Form IT-20S?
A: Form IT-20S is used to report the income, deductions, and credits of an S Corporation in Indiana.

Q: Are there any filing requirements for Form IT-20S?
A: Yes, S Corporations in Indiana must file Form IT-20S if they have any Indiana income tax liability or if they are required to file a federal income tax return.

Q: When is the due date for filing Form IT-20S?
A: The due date for filing Form IT-20S is on or before the 15th day of the 4th month following the close of the corporation's taxable year.

Q: Are there any penalties for late filing of Form IT-20S?
A: Yes, there are penalties for late filing, so it is important to file Form IT-20S on time.

Q: Are there any payment requirements along with Form IT-20S?
A: Yes, S Corporations may be required to make estimated tax payments throughout the year if they expect to owe a certain amount of tax.