Indiana Code — Title 6 (Taxation)
IC 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.
Amendment history
As added by P.L.159-2021, SEC.18.
Source: view the official text
Nearby sections (25 sections)
- 6-3-4-16.7 · Reports in electronic format
- 6-3-4-17 · Quarterly reports concerning local income taxes
- 6-3-4.5-1 · Definitions
- 6-3-4.5-2 · Amended return; pass through entity; adjustment for a review
- 6-3-4.5-3 · Department audit or investigation; tax attribute; report of
- 6-3-4.5-3.5 · Underreporting of tax due by partner in partnership
- 6-3-4.5-4 · Partnership's right to protest and appeal
- 6-3-4.5-5 · Report of partnership adjustments; timing; protest; appeal;
- 6-3-4.5-6 · Partnership duties; partner level adjustments report;
- 6-3-4.5-7 · Partner level adjustments report; assessment; adjustments to
- 6-3-4.5-8 · Filing of amended partnership return; remittance; tiered
- 6-3-4.5-9 · Partnership level audit; final federal adjustments;…
- 6-3-4.5-10 · Reporting and payment requirements; tiered partners; rules
- 6-3-4.5-11 · Procedures; alternative reporting and payment method;
- 6-3-4.5-12 · Irrevocable election; no deduction or credit; other state…
- 6-3-4.5-13 · Designation of a state partnership representative;
- 6-3-4.5-14 · Changes to a report of final partnership adjustments;…
- 6-3-4.5-15 · Reports; proposed assessment; timing; protest; appeal
- 6-3-4.5-16 · Incorrect reporting of tax attributes; proposed assessment;
- 6-3-4.5-17 · Inconsistent reporting of tax attribute; disclosure;…
- 6-3-4.5-18 · Reporting requirements; liability for tax; proposed…
- 6-3-4.5-19 · Remitting payment on behalf of a partner; claim for refund
- 6-3-4.5-20 · Partnership with more than 10,000 direct owners; extension…
- 6-3-5-1 · Nonresidents; Indiana income
- 6-3-5-2 · Repealed