Idaho Admin. Code r. 35.02.01.300 - ASSESSMENT OF TAX
Sections 63-3045, 63-3045A, Idaho Code
01.
The Record of Assessment.
The record of assessment shall be the Notice and Demand for payment of taxes
that also functions as the required notice for the distraint and sale of a
taxpayer's personal property pursuant to Section
63-3057, Idaho Code. For a
jeopardy assessment as provided for in Sections
63-3065,
63-3630, and
63-4208, Idaho Code, the Notice of
Jeopardy Assessment is the record of assessment. In cases where the tax is
self-assessed and no Notice and Demand is issued, the record of assessment
shall be the Tax Commission's processing record of the filing of the
self-assessed return. (3-15-22)
02.
Admission to Understatement of Tax. A taxpayer may admit to an
understatement of tax at any time. An admission is not considered a compromise
of tax, and does not affect the statutory period of limitations for an audit or
additional assessment or for a claim for refund filed by the taxpayer.
(3-15-22)
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.