§ 6-3-4.5-1 Definitions
§ 6-3-4.5-2 Amended return; pass through entity; adjustment for a review year; state adjustment; partnerships and tiered partners; numerical tier
§ 6-3-4.5-3 Department audit or investigation; tax attribute; report of proposed partnership adjustments
§ 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; settlement agreement
§ 6-3-4.5-6 Partnership duties; partner level adjustments report; remittance; tiered partner duties; amended return; election
§ 6-3-4.5-7 Partner level adjustments report; assessment; adjustments to tax attributes
§ 6-3-4.5-8 Filing of amended partnership return; remittance; tiered partners; direct or indirect partners; payment of tax; tax attributes
§ 6-3-4.5-9 Partnership level audit; final federal adjustments; election by an audited partnership; consent to Indiana law
§ 6-3-4.5-10 Reporting and payment requirements; tiered partners; rules
§ 6-3-4.5-11 Procedures; alternative reporting and payment method; application; timing
§ 6-3-4.5-12 Irrevocable election; no deduction or credit; other state or local tax jurisdictions
§ 6-3-4.5-13 Designation of a state partnership representative; qualifications
§ 6-3-4.5-14 Changes to a report of final partnership adjustments; timing
§ 6-3-4.5-15 Reports; proposed assessment; timing; protest; appeal
§ 6-3-4.5-16 Incorrect reporting of tax attributes; proposed assessment; refund; reporting considered conclusive for protest or appeal
§ 6-3-4.5-17 Inconsistent reporting of tax attribute; disclosure; proposed assessment; timing; reporting considered conclusive for protest or appeal
§ 6-3-4.5-18 Reporting requirements; liability for tax; proposed assessment timing; reduction of the tax attributable to direct or indirect partner; duty to issue report
§ 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 of time; written agreement; automatic extension; rules
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Terms Used In Indiana Code > Title 6 > Article 3 > Chapter 4.5 - Partnership Audit and Administrative Adjustments

  • adjusted gross income: shall mean the following:

         (a) In the case of all individuals, "adjusted gross income" (as defined in Section 62 of the Internal Revenue Code), modified as follows:

    Indiana Code 6-3-1-3.5

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • corporation: includes all corporations, associations, real estate investment trusts (as defined in the Internal Revenue Code), joint stock companies, whether organized for profit or not-for-profit, any receiver, trustee or conservator thereof, business trusts, Massachusetts trusts, any proprietorship or partnership taxable under Section 1361 of the Internal Revenue Code, and any publicly traded partnership that is treated as a corporation for federal income tax purposes under Section 7704 of the Internal Revenue Code. See Indiana Code 6-3-1-10
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • pass through entity: means :

    Indiana Code 6-3-1-35

  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5