2024 Indiana Code
Title 6. Taxation
Article 3. State Income Taxes
Chapter 4.5. Partnership Audit and Administrative Adjustments
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 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.

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