Sec. 4.5. A taxpayer that is required under IC 6-3-4-1 to file a return shall round to the nearest whole dollar an amount or item reported on the return. The following apply if an amount or item is rounded:
(1) An amount or item of at least fifty cents ($0.50) must be rounded up to the nearest whole dollar.
(2) An amount or item of less than fifty cents ($0.50) must be rounded down to the nearest whole dollar.
As added by P.L.119-1998, SEC.17. Amended by P.L.182-2009(ss), SEC.252.
Structure Indiana Code
Article 8.1. Department of State Revenue; Tax Administration
Chapter 6. Filing and Due Dates
6-8.1-6-1. Due Date Extensions; Requirements; Tax Payments; Penalties and Interest
6-8.1-6-1-b. Due Date Extensions; Requirements; Tax Payments; Penalties and Interest
6-8.1-6-2. Saturdays, Sundays, and Holidays
6-8.1-6-4. Certification of Returns and Forms
6-8.1-6-4.5. Rounding to Nearest Whole Dollar
6-8.1-6-5. Taxpayer Return; Itemization of Income Derived From Sources Outside Indiana