IN SB0483

Requires the Indiana Department of State Revenue to allow electronic filing of corporate income tax returns and information returns for pass through entities beginning with taxable years after December 31, 2011

Professional tax preparers who file more than 100 individual returns in a calendar year must file those returns electronically in the following year

Taxpayers may opt out of electronic filing by submitting a written request to their professional preparer

Professional preparers who fail to comply with electronic filing requirements face a $50 penalty per non-compliant return, up to a maximum of $25,000 per calendar year

Effective date: July 1, 2011