Due date; monthly returns and remittances; combined reports;
electronic fund transfer
Sec. 8.1. (a) Any entity that is required to file a monthly return
and make a monthly remittance of taxes under sections 8, 12, 13, and
15 of this chapter shall file those returns and make those remittances
twenty (20) days (rather than thirty (30) days) after the end of each
month for which those returns and remittances are filed, if that
entity's average monthly remittance for the immediately preceding
calendar year exceeds one thousand dollars ($1,000).
(b) The department may require any entity to make the entity's
monthly remittance and file the entity's monthly return twenty (20)
days (rather than thirty (30) days) after the end of each month for
which a return and payment are made if the department estimates that
the entity's average monthly payment for the current calendar year
will exceed one thousand dollars ($1,000).
(c) If a person files a combined sales and withholding tax report
and either this section or IC 6-2.5-6-1 requires the sales or
withholding tax report to be filed and remittances to be made within
twenty (20) days after the end of each month, then the person shall
file the combined report and remit the sales and withholding taxes
due within twenty (20) days after the end of each month.
(d) If the department determines that an entity's:
(1) estimated monthly withholding tax remittance for the
current year; or
(2) average monthly withholding tax remittance for the
preceding year;
exceeds ten thousand dollars ($10,000), the entity shall remit the
monthly withholding taxes due by electronic fund transfer (as
defined in IC 4-8.1-2-7) or by delivering in person or by overnight
courier a payment by cashier's check, certified check, or money order
to the department. The transfer or payment shall be made on or
before the date the remittance is due.
(e) If an entity's withholding tax remittance is made by electronic
fund transfer, the entity is not required to file a monthly withholding
tax return.
As added by Acts 1982, P.L.49, SEC.3. Amended by P.L.70-1986,
SEC.3; P.L.92-1987, SEC.4; P.L.63-1988, SEC.8; P.L.28-1997,
SEC.15; P.L.254-2003, SEC.7.
Last modified: May 28, 2006