2012 Indiana individual and corporate income tax forms online

Dec. 3, 2012 – TaxTalk Blog

Are you a planner?

If so, here’s something you can plan on: the 2012 Indiana individual and corporate/partnership income tax forms and schedules will be available online the week of Dec. 3, 2012.

Now we’re not saying you need to start thinking about filing your taxes when they aren’t even due until April 15, 2013. But if you’re a planner, we thought you’d appreciate a preview.

For instance, you may be eligible to claim the new Automatic Taxpayer Refund credit when you file your 2012 individual income tax return. Basically, you may be eligible for a $111 refundable credit if:

  • You timely filed a 2011 full-year resident Indiana tax return
  • You timely file a 2012 full-year resident Indiana tax return, and
  • You have income subject to tax in Indiana

If you are married and file a joint return, your spouse could be eligible for the $111 Automatic Taxpayer Refund credit as well (if your spouse meets all the qualifiers).

See page 9 of the IT-40 instruction booklet for details about the new Automatic Taxpayer Refund credit.

Also new beginning in 2012 – certain interest income earned from direct obligations of a state or political subdivisions other than Indiana becomes taxable. This applies to both individual and corporate tax filers. Income Information Bulletin #19 is a good source for information on this.

So, if you want to get a jump on the upcoming tax season, check out our website on Dec. 3, 2012 – individual forms may be found at www.in.gov/dor/4657.htm; corporate/partnership forms are at located at www.in.gov/dor/4721.htm.

If you would like to submit a question or topic suggestions, please send them to feedback@dor.in.gov
Follow us on Facebook and Twitter. Facebook