Sec. 7. (a) If the department receives the partner level adjustments report or statement 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, the department shall issue an assessment to the taxpayer of any tax due.
(b) For purposes of any assessment, protest, and litigation related to a partner level adjustments report or statement arising from a partner level adjustments report, any adjustments to tax attributes reported in the partner level adjustments report shall be final.
As added by P.L.159-2021, SEC.18.
Structure Indiana Code
Chapter 4.5. Partnership Audit and Administrative Adjustments
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
6-3-4.5-7. Partner Level Adjustments Report; Assessment; Adjustments to Tax Attributes
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
6-3-4.5-19. Remitting Payment on Behalf of a Partner; Claim for Refund