Section R15-7-405. Deficiencies; Payment; Appeal

A.      If the Department determines that additional tax is due, the Department shall issue an assessment for the additional tax due plus any applicable penalty and interest. In any assessment

the Department shall indicate the taxable income for the period of the audit, the tax that should have been paid, the tax actually paid, the additional tax due, and the amount of any penalty and interest owed. The Department shall mail an assessment by certified mail to the last known address of the licensee.

B.       If a licensee fails to make a report as required under A.R.S. § 5-407, the Department shall obtain facts upon which to base an assessment. The Department may issue a subpoena requiring the licensee, its employees, and its agents to testify under oath.

C.      A licensee may, within 30 days of receipt of an additional assessment or tax determination, file a petition for a hearing, correction, or redetermination of the Department’s assessment. The licensee  shall  file  the petition under A.R.S.  Title  41, Chapter 6, Article 10.

Historical Note

Adopted effective June 5, 1984 (Supp. 84-3). Amended by final rulemaking at 9 A.A.R. 4186, effective Novem- ber 8, 2003 (Supp. 03-3).