Sec. 7. (a) Except as provided in subsection (b) and in addition to any other penalties provided by law, the department may impose on any income tax return preparer who violates this chapter by failing to provide the income tax return preparer‘s PTIN a penalty of fifty dollars ($50) for each violation, but not to exceed twenty-five thousand dollars ($25,000) in a calendar year.

     (b) The department may not impose a penalty under this section if the income tax return preparer’s failure to provide the income tax return preparer’s PTIN is due to reasonable cause and is not due to willful neglect, as determined by the department.

As added by P.L.212-2018(ss), SEC.29.

Terms Used In Indiana Code 6-8.1-17-7

  • income tax return: means any of the following:

    Indiana Code 6-8.1-17-1

  • income tax return preparer: means any of the following:

    Indiana Code 6-8.1-17-2

  • PTIN: means the preparer tax identification number that the Internal Revenue Service issues to identify tax return preparers under 26 U. See Indiana Code 6-8.1-17-3
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
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