Taxable Year Estimated Payments
If a taxpayer’s annual tax liability exceeds $2,500, the taxpayer is
required to le quarterly estimated payments and remit 25% of
the estimated annual tax due on each quarterly return.
If the taxpayer’s annual liability exceeds $20,000, the taxpayer
is required to pay the estimated tax liability by electronic funds
transfer (EFT). If the payment is made by EFT, the taxpayer is not
required to le an estimated return. If there are questions about
making EFT payments, call (317) 232-5500.
Form URT-1 should be led annually if subject to the utility
receipts tax. e return is due on the 15th day of the 4th month
following the close of the taxpayer’s taxable year. Check the box
at the top of the form if ling an amended return.
Extension of Time to File Payment
e extension payment form URT-Q is used to make a payment
when additional time is necessary for ling the annual utility re-
ceipts tax return. A penalty for late payment will not be imposed
if at least 90% of the tax due is paid by the original due date and
the remaining balance, plus interest, is paid in full by the extend-
ed due date. A copy of the federal extension of time to le the an-
nual income tax form must be enclosed with the URT-1 return.
e Department recognizes the IRS’s application for automatic
extension of time to le (Form 7004) or an electronic extension
of time for ling the annual federal income tax return. If an ex-
tension applies, check box L on the front of the return. A separate
copy of Form 7004 does not need to be led with the Department
to request an Indiana extension. If an extension payment for
Indiana is not due, do not submit a copy of the federal extension
separately, but enclose it with the annual utility receipts tax re-
turn when ling.
Returns received within 30 days aer the last date indicated on an
enclosed federal extension will be considered as received on time.
If a federal extension is not needed, request an Indiana extension
of time to le by writing to:
Indiana Department of Revenue
Corporate Income Tax
P.O. Box 7206
Indianapolis, IN 46207-7206
Consolidated Return of an Aliated Group
Corporations are considered to be aliated if at least 80% of the
voting stock of one corporation is owned by another corporation.
Corporate members of an aliated group that are incorporated
in Indiana or authorized to do business in Indiana may le a
consolidated utility receipts tax return. An election to le a con-
solidated return must be made at the time that the group les its
rst return. If an election is made, the taxpayer must continue
to le consolidated until the Department allows the taxpayer to
change the manner in which it les its utility receipts tax return.
All aliated groups ling consolidated income tax returns with
the Department must enclose Schedule 8-D, Schedule of Indiana
Aliated Group Members, which is available online at www.
Select the third check box in question M, below the address section,
to indicate whether this is a consolidated ling.
Note: For more detailed information concerning the utility re-
ceipts tax, see Commissioner’s Directive #18, available at
Completing Form URT-1
Complete all pertinent information at the top of the return.
Please use the correct legal name of the corporation and its
current mailing address. For foreign addresses, please note the
• Enter the name of the city, town, or village in the box
• Enter the name of the state or province in the box
labeled State; and
• Enter the postal code and the 2-digit country code in the
box labeled ZIP Code.
For a name change, check the box at the top of the return
and enclose with the return copies of amended Articles of
Incorporation or an Amended Certicate of Authority led with
the Indiana Secretary of State.
e federal employer identication number shown in the box
must be correct.
Enter the principal business activity code, from the North Amer-
ican Industry Classication System (NAICS), in the designated
block of the return. Use the six-digit activity code reported on the
federal corporation income tax return.
List the Indiana county of the primary business location within
the state. Enter “00” in the county box for addresses outside In-
diana. Check all boxes on the front of the return that apply to the
entity. If an extension of time to le applies, check box L.
Note: Please round all entries to the nearest whole dollar amount.
Also, please do not use a comma in dollar amounts of four digits
or more. For example, instead of entering “3,455” enter “3455.”
Lines 1 through 6. Enter the total taxable receipts by category for
the period from the beginning until the end of the taxable year.
Do not enter any negative gures.
Line 7. Add lines 1 through 6.
Line 8. Enter the amount of taxpayer deductions. Each tax-
able year a taxpayer is entitled to deduct from gross receipts an
amount equal to $1,000. is amount is prorated if the taxpayer’s