Ind. Admin. Code tit. 45, § 3.1-1-112 - Consolidated Returns for Other Taxes Not Required

Current as of January 1, 1970

45 Iac 3.1-1-112 - Consolidated Returns for Other Taxes Not Required45 Iac 3.1-1-112 - Consolidated Returns for Other Taxes Not Required

45 Iac 3.1-1-111 - Membership in Affiliated Groups; Bank Holding Companies 45 Iac 3.1-1-113 - Withholding on Distributions to Nonresident Beneficiaries of Indiana Trusts and Estates

45 IAC 3.1-1-112 Consolidated returns for other taxes not required

Authority: IC 6-8.1-3-3

Affected: IC 6-3-4-14

Sec. 112. Consolidated Indiana Gross Income Tax and Federal Income Tax Returns. Whether an affiliated group is or is not filing Indiana gross and/or Federal income tax returns on a consolidated basis has no bearing on its eligibility to file consolidated adjusted gross income tax returns. However, the Department strongly recommends that taxpayers filing on a consolidated basis for purposes of one tax, do likewise for purposes of all taxes. If returns are filed separately for one tax and consolidated for the other, the burden will be on the taxpayers to provide a complete breakdown of the affiliated corporations' gross, adjusted gross, and supplemental net income tax liabilities, quarter payments, and other credits.

(Department of State Revenue; Reg 6-3-4-14(030); filed Oct 15, 1979, 11:15 am: 2 IR 1553; errata, 2 IR 1743)

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