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Click ‘Get Form’ to open it in the editor.
Begin by entering the employee's name and Social Security Number in the designated fields.
Fill in the name of the Enterprise Zone and the dates of residence within that zone.
Input the employee’s street address and city of residence accurately.
Enter the total amount of compensation earned during the period of residence in the Enterprise Zone.
Calculate and enter half of this amount or $7,500, whichever is less, in the limitation field.
Provide employer details including name, address, and Federal Employer Identification Number (FEIN).
The employer must sign, include their title, telephone number, and date to certify the information provided.
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The employee must enclose the IT-40QEC with the state individual income tax return to support any claimed deduction of earned enterprise zone income. IndianaRead more
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