Schedule Of Indiana Affiliated Group Members Form. This is a Indiana form and can be use in Department Of Revenue Statewide.
Tags: Schedule Of Indiana Affiliated Group Members, 8-D, Indiana Statewide, Department Of Revenue
State Form 49103 (R4 / 8-10) Indiana Department of Revenue Schedule 8-D Schedule of Indiana Afﬁliated Group Members for Period Beginning Month _______________ Year _______ and Ending Month _______________ Year ________ This schedule must be enclosed with Form IT-20, Form IT-20S, or Form URT when ﬁling on a consolidated basis. Complete each column listing all members of an afﬁliated controlled group included in the Indiana consolidated adjusted gross income tax or utility receipts tax return. All afﬁliated companies in the consolidated group are required to use the identical accounting period. Check column A if the corporation is a new addition to the Indiana afﬁliated group. Indicate the amount in column E if any estimated tax was separately paid by the afﬁliate under its ID number. Indicate in column F the date the corporation qualiﬁed to do business in Indiana. Afﬁliated Entities Filing Consolidated Indiana Return A if new C B Name/address of each afﬁliated corporation D Federal ID number Date/state of incorporation E Estimated tax paid by afﬁliate F Qualifying date 10110111594 American LegalNet, Inc. www.FormsWorkFlow.com Indiana Department of Revenue Revised 8-10 Instructions for Schedule 8-D Who May File a Consolidated Tax Return An election must be made by an afﬁliated group wishing to ﬁle a consolidated income tax return. The ﬁling of an annual return, including Schedule 8-D or an acceptable substitute schedule, is deemed an election to so ﬁle on the part of the corporations included in the return. Prior permission from the Department to ﬁle a consolidated return is not necessary. However, an afﬁliated group must obtain permission in writing from the Department to discontinue ﬁling on a consolidated basis. In such a case, the group must make a separate application showing good cause why the ﬁling change should be permitted on or before the date the returns are ﬁled. The request for permission to discontinue ﬁling consolidated must include the reasons for desiring the discontinuance and should be addressed to: Indiana Department of Revenue Tax Policy Division MS 103 100 North Senate Avenue, Room N248 Indianapolis, IN 46204-2253 Adjusted Gross Income Tax Act An afﬁliated group (as deﬁned under I.R.C. Sec. 1504) has the privilege of ﬁling a consolidated adjusted gross income tax return as provided in I.C. 6-3-4-14. The Indiana consolidated adjusted gross income tax return must include any member of the afﬁliated group having income or loss attributed to Indiana during the year. Utility Receipts Tax Act Corporations may ﬁle a consolidated utility receipts tax return if they are incorporated or qualiﬁed to do business in Indiana, are afﬁliated as deﬁned in I.C. 6-2.3-6-5, and elect to ﬁle a consolidated return at the time the ﬁrst annual return is ﬁled. "Afﬁliated" for utility receipts tax purposes means one corporation owns at least 80% of the voting stock of another corporation, exclusive of directors' qualifying shares. An "afﬁliated group" is a group of such corporations linked together by the 80% ownership of one with another. This deﬁnition does not include an S corporation. Example: (1) Corporation A owns 80% of the voting stock of Corporation B. Corporation B owns 80% of Corporation C. Corporations A, B, and C are members of an afﬁliated group. (2) Corporation A owns 80% of Corporation B. Corporation A also owns 80% of Corporation C. Corporations A, B, and C are members of an afﬁliated group. Each member of an afﬁliated group is deemed afﬁliated with every other member. Brother-sister corporations (having a common owner which is not a parent corporation but themselves owning no stock in each other) do not satisfy the 80% ownership requirement and are therefore not permitted to ﬁle a consolidated return. Liability of Each Corporate Member for Returns and Tax The fact that a certain member corporation is designated and approved to make the consolidated return for the group will not relieve any member of liability for ﬁling the return and paying tax for the group. The group and each member thereof is jointly and severally liable. The corporation chosen to ﬁle the afﬁliated group's ﬁrst consolidated return will continue to ﬁle the return and pay the tax due with the return unless permission is granted by the Department to change ﬁling members. Enclose completed Schedule 8-D when ﬁling a consolidated tax return with Form IT-20, Form IT-20S, or Form URT. 24100000000 American LegalNet, Inc. www.FormsWorkFlow.com