§ 6-3-4.5-15 — Reports; proposed assessment; timing; protest; appeal

Indiana § 6-3-4.5-15

• Jurisdiction: Indiana
• Art. 3: STATE INCOME TAXES
• Ch. 4.5: Partnership Audit and Administrative Adjustments

Text

(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
partner level adjustments report, the department shall issue a proposed
assessment to the taxpayer not later than:
(1) one hundred eighty (180) days after the department receives
the partner level adjustments report or amended statement arising
from the partner level adjustments report from the entity required
to provide the report or statement to the department;
(2) one hundred eighty (180) days after the applicable deadline
for the taxpayer; or
(3) the period during which the taxpayer could otherwise be
issued a proposed assessment under IC 6-8.1-5-2;
whichever is latest.
(b) If a taxpayer receives multiple partner level adjustments reports
or amended statements relating to the same report of final partnership
adjustments, the last day for issuing a proposed assessment to the
taxpayer is the latest time for which the department could issue an
assessment for any partner level adjustments report or amended
statement arising from the report of partnership adjustments as
determined under this section.
(c) The taxpayer may protest or appeal the proposed assessment or
refund denial in the same manner as prescribed in IC 6-8.1-5 or IC 6-8.1-9-1, whichever is applicable. However, any adjustments made
pursuant to a report of final partnership adjustments shall be considered
final as to the taxpayer.

Legislative History

As added by P.L.159-2021, SEC.18. Amended by P.L.137-2022, SEC.48.