Indiana DOR Partially Sustains Taxpayers Additional Individual Income Tax Assessment Protest

The Indiana Department of Revenue (DOR) issued a letter of findings partially sustaining taxpayers protest against additional individual income tax assessment for 2023. Taxpayers own and operate their business as a sole proprietorship. DOR issued a notice of proposed assessment for additional income tax after reviewing taxpayers return and requesting additional information related to business income, cost of goods sold, and healthcare expenses. DOR partially granted the protest, holding that taxpayers had provided documentation showing that a portion of the DOR’s assessment was incorrect related to their Schedule C business income and long-term care policy deductions, but they incorrectly deducted ...