Indiana DOR Determines Out-of-State Business Eligible for Corporate Income Tax Refund

The Indiana Department of State Revenue (DOR) Feb. 19 issued a decision in favor of an out-of-state business that filed for a refund on its corporate income tax return for tax years 2016, 2017, and 2018. The DOR initially denied the refund request, stating it was outside the three-year statute of limitations. However, the business successfully demonstrated that its amended returns were timely filed following the finalization of an Advance Pricing Agreement (APA) with the Inland Revenue Service (IRS), thus entitling it to the refund. [Ind. Dep’t of Revenue, Memorandum of Decision 02-20231766, 02-20231767, 02-20231768, 02/19/24]

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