6-3-4.5-9. Partnership Level Audit; Final Federal Adjustments; Election by an Audited Partnership; Consent to Indiana Law
Note: This version of section effective until 7-1-2022. See also following version of this section, effective 7-1-2022. Sec. 9. (a) Partnerships and partners shall report final federal adjustments arising from a partnership level audit or an administrative adjustment request and make payments as required under this section. (b) Final federal adjustments subject to the requirements […]
6-3-4.5-9-b. Partnership Level Audit; Final Federal Adjustments; Election by an Audited Partnership; Consent to Indiana Law
Note: This version of section effective 7-1-2022. See also preceding version of this section, effective until 7-1-2022. Sec. 9. (a) Partnerships and partners shall report final federal adjustments arising from a partnership level audit or an administrative adjustment request and make payments as required under this section. (b) Final federal adjustments subject to the requirements […]
6-3-4.5-10. Reporting and Payment Requirements; Tiered Partners; Rules
Sec. 10. (a) The direct and indirect partners of an audited partnership that are tiered partners, and all of the partners, owners, and beneficiaries of those tiered partners that are subject to tax under IC 6-3 or IC 6-5.5, are subject to the reporting and payment requirements of section 8 of this chapter. (b) The […]
6-3-4.5-11. Procedures; Alternative Reporting and Payment Method; Application; Timing
Sec. 11. Under procedures adopted by and subject to the approval of the department, an audited partnership or tiered partner may enter into an agreement with the department to utilize an alternative reporting and payment method, including applicable time requirements or any other provision of section 9 of this chapter, if the audited partnership or […]
6-3-4.5-12. Irrevocable Election; No Deduction or Credit; Other State or Local Tax Jurisdictions
Sec. 12. (a) The election made pursuant to section 9(c) of this chapter is irrevocable unless the department, in its discretion, determines otherwise. (b) If properly reported and paid by the audited partnership or tiered partner, the amount determined under section 9(c)(2) of this chapter or similarly under an optional election under section 11 of […]
6-3-4.5-13. Designation of a State Partnership Representative; Qualifications
Sec. 13. If the department conducts an audit or investigation under this chapter, or the partnership receives federal adjustments covered under sections 9 through 12 of this chapter, the partnership shall be required to designate a state partnership representative for that taxable year or review year. The following apply: (1) With respect to an action […]
6-3-4.5-14. Changes to a Report of Final Partnership Adjustments; Timing
Sec. 14. For purposes of this chapter and IC 6-8.1-5-2, an assessment may not be issued against a direct or indirect partner or partnership with regard to changes related to a report of final partnership adjustments if the report of proposed partnership adjustments is issued by the department to a partnership after the latest of: […]
6-3-4.5-1. Definitions
Note: This version of section effective until 7-1-2022. See also following version of this section, effective 7-1-2022. Sec. 1. The following definitions apply throughout this chapter: (1) “Adjustment year” means the partnership taxable year described in Section 6225(d)(2) of the Internal Revenue Code. (2) “Administrative adjustment request” means an administrative adjustment request filed by a […]
6-3-4.5-15. Reports; Proposed Assessment; Timing; Protest; Appeal
Sec. 15. (a) If the department receives the partner level adjustments report, amended statement, or similar report required to be provided under section 6 of this chapter and the department determines that a taxpayer has not reported the correct amount of tax to the department for a taxable year of the taxpayer affected by the […]
6-3-4.5-1-b. Definitions
Note: This version of section effective 7-1-2022. See also preceding version of this section, effective until 7-1-2022. Sec. 1. The following definitions apply throughout this chapter: (1) “Adjustment year” means the partnership taxable year described in Section 6225(d)(2) of the Internal Revenue Code. (2) “Administrative adjustment request” means an administrative adjustment request filed by a […]