In the past couple weeks, you may have received a confusing notice from the Indiana Department of Revenue regarding your business and filing a K-1. There is absolutely nothing that you need to do about this notice. It was sent to every business registered in Indiana required to file a K-1. We take care of filing your K-1’s in the proper manner when we file your business returns each year. Whether it is an original return, amended return, electronically filed or paper-filed return, we make sure to attach all schedules, forms, and necessary supporting documentation.
The Department of Revenue has issued the following statement
regarding the notice:

The letter does not require any immediate action and was for information purposes only. It was intended to inform customers how to properly include and upload their K-1s into the system. It was also intended to let customers know that due to the ability to receive the K-1s in the system, the best approach to modify a return is to file an amended return. 

It is, however, the intent to require an amended return if the documentation is not submitted correctly with the originally filed return. Submitting support after the fact significantly delays processing and the ability for the corporate tax team to serve customers in a timely manner.
We appreciate the opportunity to continue to serve you. If you have any questions or concerns, please don’t hesitate to reach out to us.


--The Team at Rader & Rader