2024 Indiana Code
Title 6. Taxation
Article 3. State Income Taxes
Chapter 4.5. Partnership Audit and Administrative Adjustments
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 tiered partners who are partnerships are entitled to make the elections provided by section 9(c) of this chapter, provided that such an election is made not later than the due date by which the tiered partner is otherwise required to furnish statements or other reports to its partners under section 8(b)(2) of this chapter.

(c) The department may adopt rules under IC 4-22-2 to establish procedures and interim time periods for the reports and payments required by tiered partners and their partners, owners, and beneficiaries and for making the elections under section 9(c) of this chapter.

As added by P.L.159-2021, SEC.18.