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INDIANA DEPARTMENT OF REVENUE 100 N. SENATE AVE. INDIANAPOLIS, IN 462042253www.in.gov/dor/ SP 155 (R13 / 916)STATE OF INDIANANonprofit Organization Unrelated Business Income Tax Booklet2016 Form IT20NP
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Non-profit organizations that receive donations or grants requiring tax documentation
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Taxation refers to the process by which governments impose financial charges on individuals and entities to fund public services. Filing requirements are the specific regulations and forms that taxpayers must complete and submit to report their income and calculate their tax liability.
Individuals and entities with a certain level of income, businesses operating within a jurisdiction, and specific entities such as trusts or non-profit organizations are required to file taxation and comply with filing requirements.
To fill out taxation and filing requirements, taxpayers should gather necessary financial documents, use the appropriate tax forms, carefully enter their income, deductions, and credits, and follow instructions provided by tax authorities.
The purpose of taxation and filing requirements is to collect revenue for government operations, ensure compliance with tax laws, and distribute the tax burden fairly among citizens and businesses.
Taxpayers must report income earned, deductions claimed, credits eligible for, personal information, and any other details specified by tax forms relevant to their situation.
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