Ind. Admin. Code tit. 45, § 17-3-2 - Methods of Reporting

Current as of January 1, 1970
45 Iac 17-3-2 - Methods of Reporting
45 Iac 17-3-1 - Adjusted Gross Income45 Iac 17-3-3 - Calculating the Fit Liability for Resident Taxpayers Filing a Separate Return

45 IAC 17-3-2 Methods of reporting

Authority: IC 6-5.5-9-1

Affected: IC 6-5.5-5-1; IC 6-5.5-6-1

Sec. 2. (a) Consolidated reporting is not permitted for purposes of the FIT. Separate or combined reporting are the only methods of reporting which are allowed.

(b) A taxpayer shall file a separate return when the taxpayer is not a member of a unitary group. If the taxpayer is a member of a unitary group as defined in section 5 of this rule, combined reporting is mandatory, unless IC 6-5.5-5-1(b) is applicable.

(Department of State Revenue; 45 IAC 17-3-2; filed Jan 22, 1991, 4:55 p.m.: 14 IR 1215)

Disclaimer. This may not be the most current version of this information. Users should consult official sources to verify information on this site is recent and current. Marble does not warrant or represent the accuracy, completeness or reliability of the information contained on this site.