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Indiana

Indiana DOR Extends Additional Filing and Payment Deadlines

Posted 7:29 PM by
From suspending tax filing bills, extending deadlines, and allowing flexibility in determination of nexus, the Indiana Department of Revenue (DOR) continues to respond to the COVID-19 crisis with relief options for Hoosier taxpayers. Today the department announced additional tax filing and payment deadline extensions for certain individual and corporate tax returns. These extensions are in conjunction with the additional federal extensions provided by the IRS.
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Indiana Officially Extends Property Tax Filing Deadlines

Posted 8:15 PM by
In a continued effort to respond to the economic difficulties brought on by COVID-19, yesterday Indiana Gov. Eric Holcomb signed Executive Order 20-23. The order automatically extends business personal property tax return and related compliance filings until June 15, 2020.
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State DOR Provides Additional Relief for Indiana Taxpayers

Posted 3:30 PM by
In recent weeks, the Indiana Department of Revenue (DOR) has responded to the COVID-19 crisis with multiple relief options for Hoosier taxpayers. Some of the more widely covered options include suspension of most tax filing bills and flexibility in determination of nexus. But there are others that should be noted and taken into account, especially by Indiana business owners.
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COVID-19 Relief for Indiana Property Owners

Posted 7:00 PM by
With property tax deadlines looming, Indiana property owners are looking for relief in the midst of the COVID-19 crisis. From payment extensions to potential assessment adjustments, there are options that could alleviate immediate financial obligations.
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Indiana Formally Extends Tax Filing and Payment Deadlines, Offers Penalty Relief

Posted 4:01 PM by
Yesterday, the Indiana Department of Revenue announced important income tax filing and payment extensions related to upcoming deadlines. The April 15 deadline for returns and estimated payments has been extended to July 15, 2020. In addition, Gov. Holcomb signed a number of executive orders geared towards providing economic relief, including late payment penalty waivers for the spring property tax installment payments.
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2019 Indiana Legislative Update

Posted 3:50 PM by
Hello, and welcome to KSM’s annual Legislative Update. You’ll find detail after detail about what legislative actions the 2019 Indiana General Assembly took in the world of tax and economic development.
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State & Local Tax Update: Indiana Follows Trend, Adopts Market-Based Sourcing

Posted 8:45 PM by
Over the past five years, many states have moved from cost-of-performance methodologies to market-based sourcing, modifying sourcing of receipts (other than of tangible personal property) and creating additional tax revenue from out-of-state service providers. On May 1, 2019, Indiana followed suit when Gov. Eric Holcomb signed Senate Bill 563 into law.
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Indiana Changes Policy on Taxability of Documentation Fees

Posted 3:00 PM by
Indiana has recently issued an updated version of Sales Tax Information Bulletin #28S, changing its policy on the taxability of documentation fees, effective April 2, 2019. Historically, the Indiana Department of Revenue (IDOR) has treated these fees as if they were separate from the sale of the vehicle. It treated them as fees for helping a customer title and register a vehicle with the Indiana Bureau of Motor Vehicles (BMV). This is a nontaxable service in Indiana, so the documentation fees were not subject to sales tax. However, effective April 2, 2019, the IDOR will assume documentation fees are subject to sales tax if they are not “convenience fees,” a specific term that is defined in statute.
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Indiana Implements Heavy Equipment Excise Tax

Posted 8:00 PM by
Effective Jan. 1, 2019, Indiana implemented a new excise tax on the rental of heavy equipment from a location in Indiana. The rental excise tax is 2.25 percent of the gross retail rental income. The renter is liable for the tax, and it will be collected by the retail merchant and sourced to the location from which the equipment is rented. The tax may be reported in the same manner used to report the retail merchant’s Indiana sales and use tax (INTax).
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Indiana Sales Tax Reminders for Buy Here – Pay Here Dealers

Posted 5:00 PM by
There are some unique Indiana sales tax rules and regulations that apply to Buy Here – Pay Here (BHPH) dealers. It is important that dealers understand the difference between a vehicle return and a vehicle repossession, as well as the impact a related finance company (RFC) can have on the dealer’s ability to recover sales tax related to bad debt charge-off.
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