Please note a few law changes that Indiana Department of Revenue has implemented:

  •  Effective Jan. 1, 2016, the sales tax exemption for agricultural machinery, tools, and equipment is expanded to include material-handling equipment purchased for transporting materials into such activities from an onsite location.
  •  Effective Jan. 1, 2015, if an S corporation is given an extension of time to file its annual return, it is automatically given an extension to file its withholding return for nonresident shareholders.
  • Effective Jan. 1, 2016, the “throwback rule” is eliminated for apportioning income to Indiana if the taxpayer is not taxable in the state of the purchaser.

Please contact us if you wish to discuss how these changes will affect your situation.