42-2301. Definitions In this article, unless the context otherwise requires: 1. " Limited managed audit agreement" means a managed audit agreement that is limited in scope to certain periods, activities, lines of business, geographic areas or transactions, including tax on the receipts of certain sales, the value of certain assets, the value of certain items […]
42-2302. Managed audit agreements A. On application by a taxpayer, the director, in the director’s sole discretion, may agree to a managed audit with the taxpayer. The managed audit agreement shall: 1. Be signed by the taxpayer and the director. 2. Contain a declaration by the taxpayer that all statements of fact in the taxpayer’s […]
42-2303. Managed audit operations; appeal A. The taxpayer or the taxpayer’s representative shall furnish written findings of the managed audit to the director. B. The director shall review the written findings and may examine records and perform other reviews that the director deems necessary to verify that the managed audit substantially conformed to the terms […]
42-2304. Interest and penalties; refunds A. Notwithstanding section 42-1125, the director shall not assess any penalties unless the managed audit discloses that the taxpayer committed fraud or wilful tax evasion or that the taxpayer collected monies that were represented as tax but were not remitted to the state. B. Notwithstanding section 42-1123, the director shall […]
