360A.100 - Determination of amount due by Department; imposition of penalty and interest. - Nevada Statutes

360A.100  Determination of amount due by Department; imposition of penalty and interest.  Except as otherwise provided in NRS 366.395:

      1.  If a person fails to file a return or the Department is not satisfied with the return of any tax or fee required to be paid to the Department pursuant to chapter 365, 366 or 373 of NRS or NRS 590.120 or 590.840, the Department may determine the amount required to be paid upon the basis of:

      (a) The facts contained in the return;

      (b) Any information that is in the possession of the Department or may come into its possession; or

      (c) Reasonable estimates of the amount.

      2.  One or more deficiency determinations may be made with respect to the amount due for one or more periods.

      3.  In making its determination of the amount required to be paid, the Department shall impose a penalty and interest on the amount of tax or fee determined to be due, calculated at the rate and in the manner set forth in NRS 360A.060.

      4.  If a business is discontinued, a determination may be made at any time thereafter within the period prescribed in NRS 360A.150 concerning liability arising out of that business, irrespective of whether the determination is issued before the due date of the liability.

      (Added to NRS by 1999, 990; A 2003, 2902)