Indiana DOR Issues Letter of Findings on Overstated Income Tax Assessments and Disallowed Deductions

The Indiana Department of Revenue (DOR) issued Letter of Findings regarding taxpayers individual income tax assessments for tax years 2020, 2021, and 2022. DOR determined that the assessments for additional Indiana individual income tax were overstated due to incorrect adjustments to the taxpayers’ business gross receipts. However, DOR’s adjustments disallowing certain expense deductions for lack of substantiation were upheld. [In. Dep’t of Revenue, Letter of Findings No. 01-20242422, 07/10/25]

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