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INDIANA PENALTY FOR NON RESIDENTS NOT ON COMPOSITE SCHEDULE WHEN THEY HAVE A NET LOSS

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INDIANA PENALTY FOR NON RESIDENTS NOT ON COMPOSITE SCHEDULE WHEN THEY HAVE A NET LOSS

JAMES BOND

PROSERIES DOES NOT INCLUDE NON- RESIDENT SHAREHOLDERS/PARTNERS WITH A NET LOSS ON THE SCHEDULE COMPOSITE.  THIS IS RESULTING IN A $500 PENALTY BEING ISSUED TO THE TAXPAYER FOR FAILING TO LIST ALL NON- RESIDENTS ON THE COMPOSITE SCHEDULE.  THIS NEEDS BE CHANGED TO INCLUDE ALL NON-RESIDENT  SHAREHOLDERS/PARTNERS ON THE COMPOSITE SCHEDULE WHETHER THEY HAVE A LOSS OR INCOME. 

THANKS 

 

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