§ 105-251. Information required of taxpayer and corrections based on information. - North Carolina Statutes

§ 105‑251.  Informationrequired of taxpayer and corrections based on information.

(a)        Scope ofInformation. – A taxpayer must give information to the Secretary when theSecretary requests the information. The Secretary may request a taxpayer toprovide only the following kinds of information on a return, a report, orotherwise:

(1)        Information thatidentifies the taxpayer.

(2)        Information neededto determine the liability of the taxpayer for a tax.

(3)        Information neededto determine whether an item is subject to a tax.

(4)        Information thatenables the Secretary to collect a tax.

(5)        Other informationthe law requires a taxpayer to provide or the Secretary needs to perform a dutya law requires the Secretary to perform.

(b)        Correction ofLiability. – When a taxpayer provides information to the Secretary within thestatute of limitations and the information establishes that an assessmentagainst the taxpayer is incorrect or that the taxpayer is allowed a refund, theSecretary must adjust the assessment or issue the refund in accordance with theinformation. This action is a correction of an error by the Department or bythe taxpayer and is not part of the process for the administrative or judicialreview of a proposed assessment or a claim for refund.  (1939, c. 158, s. 921; 1973,c. 476, s. 193; 1993 (Reg. Sess., 1994), c. 661, s. 2; 2008‑134, s. 71.)