Indiana Code — Title 6 (Taxation)
IC 6-3-4.5-14
Changes to a report of final partnership adjustments; timing
Sec. 14. For purposes of this chapter and IC 6-8.1-5-2, an assessment may not be issued against a direct or indirect partner or partnership with regard to changes related to a report of final partnership adjustments if the report of proposed partnership adjustments is issued by the department to a partnership after the latest of:
# (1)
three (3) years after the due date of the partnership's return, including any valid extension granted under IC 6-8.1-6-1;
# (2)
three (3) years after the date the partnership's return is filed with the department;
# (3)
in the case of the partnership's underreporting of its adjusted gross income by more than twenty-five percent (25%), the periods provided in subdivisions (1) and (2) shall be six (6) years;
# (4)
if the partnership fails to file a return required under IC 6-3-4-10, files a fraudulent return, or files a substantially blank return, no time limit;
# (5)
in the case of a report of proposed partnership adjustments arising from final federal adjustments:
# (A)
one hundred eighty (180) days after the date on which the department receives the final federal adjustments from the partnership in the manner prescribed by the department; or
# (B)
December 31, 2021;
whichever is later; or
# (6)
in the case of a report of proposed partnership adjustments issued to a tiered partner that is a partnership as a direct or indirect result of another partnership's report of final partnership adjustments, final federal adjustments, or an amended return, one hundred eighty (180) days after the applicable deadline for the tiered partner or the date otherwise determined under this section for the partnership, whichever is later.
As added by P.L.159-2021, SEC.18. Amended by P.L.137-2022, SEC.47.
Amendment history
As added by P.L.159-2021, SEC.18. Amended by P.L.137-2022, SEC.47.
Source: view the official text
Nearby sections (25 sections)
- 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
- 6-3-5-3 · Indiana residents working in Illinois
- 6-3-5-4 · Mutual economic development agreements with bordering
- 6-3-5-5 · Election to receive payment in lieu of economic development
- 6-3-6-1 · Repealed