| Indiana Annual Tax Return IT-20 for C Corporations |
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Your corporation's taxable income is reported to the state with form IT-20.
You should have paid quarterly state tax deposits
using IT_6. Any balance due for state taxes should be paid with form IT-611.
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| After you have paid state and federal taxes, you can distribute profits to your
shareholders (called dividends). Your corporation and shareholders must
report dividend income using IRS 1099-Div to the federal government. This information
is automatically sent to the state. Shareholders must pay taxes on these
dividends on their personal Indiana income tax returns |
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