Indiana § 6-3-4.5-20 Partnership with more than 10,000 direct owners; extension of time;
written agreement; automatic extension; rules

Indiana Statutes

§ 6-3-4.5-20 — Partnership with more than 10,000 direct owners; extension of time; written agreement; automatic extension; rules

Indiana § 6-3-4.5-20

Art. 3STATE INCOME TAXES

Ch. 4.5Partnership Audit and Administrative Adjustments

This text of Indiana § 6-3-4.5-20 (Partnership with more than 10,000 direct owners; extension of time; written agreement; automatic extension; rules) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-3-4.5-20 (2026).

Text

(a)Notwithstanding any other provision of this chapter or IC 6-8.1, if, before the end of the time period within which the department may take an action under this chapter:

(1)in the case of a partnership or tiered partner that has more than ten thousand (10,000) direct owners, the department shall extend the time period one (1) time by sixty (60) days upon written request of the partnership or tiered partner, regardless of whether the department signs the extension;

(2)in the case of an action required to be taken with regard to a partnership under this chapter, the department and the partnership agree to extend that period, the period may be extended according to the terms of a written agreement signed by both the department and the partnership; and

(3)in the case of an action requir

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(a) Notwithstanding any other provision of
this chapter or IC 6-8.1, if, before the end of the time period within
which the department may take an action under this chapter:
(1) in the case of a partnership or tiered partner that has more than
ten thousand (10,000) direct owners, the department shall extend
the time period one (1) time by sixty (60) days upon written
request of the partnership or tiered partner, regardless of whether
the department signs the extension;
(2) in the case of an action required to be taken with regard to a
partnership under this chapter, the department and the partnership
agree to extend that period, the period may be extended according
to the terms of a written agreement signed by both the department
and the partnership; and
(3) in the case of an action required to be taken with regard to a
tiered partner, direct partner, or indirect partner under this
chapter, the department and the tiered partner, direct partner, or
indirect partner, as applicable, agree to extend that period, the
period may be extended according to the terms of a written
agreement signed by both the department and the tiered partner,
direct partner, or indirect partner, as appropriate.
(b) If an extension is entered into under subsection (a), the request
for automatic extension or agreement must contain:
(1) the date to which the extension is made; and
(2) a statement that the person or entity agrees to preserve the
person's or entity's records until the extension terminates.
(c) If an extension is entered into under subsection (a), the
applicable deadlines and statute of limitations for any actions arising
from an action required by a partnership, tiered partner, direct partner,
or indirect partner shall be extended in a manner consistent with the
extension under subsection (a).
(d) The department and a partnership, tiered partner, direct partner,
or indirect partner may enter into more than one (1) extension
agreement under this section.
(e) The department may, by rules adopted under IC 4-22-2 or by
guidelines published in the Indiana Register, provide for automatic
extensions or relief from liability and reporting for certain situations.
The following apply:
(1) In the case of an automatic extension, the extension shall be
considered signed by both the department and the partnership,
tiered partner, direct partner, or indirect partner before the time
the department may take an action under this section. In addition,
the partnership, tiered partner, direct partner, or indirect partner
shall preserve the person's or entity's records until the automatic
extension terminates.
(2) In the case of relief from liability, such relief shall be granted
only under the situations specifically granted by the rules or
guidelines.
(3) The department may adopt rules or guidelines to establish a de
minimis amount upon which a taxpayer shall not be required to
comply with specified provisions of this chapter.