Home
Forms Library
IT-20NP Nonprofit Organization Unrelated Business Income Tax Booklet

IT-20NP Nonprofit Organization Unrelated Business Income Tax Booklet 2025

IT-20NP Nonprofit Organization Unrelated Business Income Tax Booklet Preview on Page 1

Show details

4.6 out of 5

28 votes

The Indiana IT-20NP Nonprofit Organization Unrelated Business Income Tax Booklet for 2024 provides detailed instructions for nonprofit organizations on how to prepare their adjusted gross income tax return related to unrelated business income. It includes updates for the year, general information, specific filing requirements, and various credits available to nonprofits. The booklet emphasizes the importance of electronic filing and outlines the necessary forms, deadlines, and procedures for compliance with Indiana tax laws.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to rapidly redact IT-20NP Nonprofit Organization Unrelated Business Income Tax Booklet online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is the greatest editor for modifying your paperwork online. Follow this straightforward instruction to redact IT-20NP Nonprofit Organization Unrelated Business Income Tax Booklet in PDF format online at no cost:

Sign up and sign in. Register for a free account, set a secure password, and go through email verification to start managing your forms.
Add a document. Click on New Document and select the file importing option: add IT-20NP Nonprofit Organization Unrelated Business Income Tax Booklet from your device, the cloud, or a protected URL.
Make changes to the sample. Take advantage of the upper and left-side panel tools to modify IT-20NP Nonprofit Organization Unrelated Business Income Tax Booklet. Insert and customize text, pictures, and fillable fields, whiteout unneeded details, highlight the important ones, and provide comments on your updates.
Get your documentation completed. Send the form to other individuals via email, generate a link for faster file sharing, export the sample to the cloud, or save it on your device in the current version or with Audit Trail included.

Try all the benefits of our editor today!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the unrelated business income tax code section?

Section 512(a)(3) of the Internal Revenue Code provides for special unrelated business taxable income rules for organizations that are tax-exempt under section 501(c)(7), 501(c)(9), 501(c)(17), or 501(c)(20)*.

What is the exemption of nonprofit organizations from federal income tax?

Exemption requirements - 501(c)(3) organizations To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual.

What is the ubit tax rate for nonprofits?

UBIT is imposed at the 21% flat federal corporate income tax rate. Deductions are permitted for expenses that are directly connected with the carrying on of the unrelated trade or business, and net operating losses are allowed to be carried forward and backward (with certain limitation).

What is considered unrelated business income for a nonprofit?

For most organizations, unrelated business income is income from a trade or business, regularly carried on, that is not substantially related to the charitable, educational, or other purpose that is the basis of the organizations exemption.