Indiana DOR Sustains Taxpayers’ Protest Against Individual Income Tax Assessment

The Indiana Department of Revenue (DOR) issued a ruling regarding taxpayers’ protest against the proposed assessment of additional income tax for 2022. Taxpayers are a married couple who jointly filed their 2022 Indiana Full-Year Resident Individual Income Tax Return (“IT-40”). The Department adjusted the return and issued a Notice of Proposed Assessment, citing income that was reported to the Department but not included in the couple’s tax return. The taxpayers protested the proposed assessment. After reviewing the protest, the DOR agreed that the Department’s adjustments were incorrect. The taxpayers provided documentation demonstrating that the income the Department had based its ...