Taxpayer conducts business in Indiana. The Indiana Department of Revenue ("Department") determined that Taxpayer had not paid a required quarterly estimated payment for 2012 and so imposed a penalty. Taxpayer protested the imposition of the penalty.
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In this case, the Department determined that Taxpayer did not timely pay a quarterly estimated Indiana adjusted gross income tax payment for 2012. The Department imposed penalty under IC § 6-3-4-4.1(d) and IC § 6-8.1-10-2.1. As a result of the protest process, Taxpayer has affirmatively established that it acted reasonably, as required by IC § 6-8.1-10-2.1(d) and 45 IAC 15-11-2 (b). The penalty will be waived.
