Common use of ASSESSMENTS FOR FAILURE TO FILE RETURNS Clause in Contracts

ASSESSMENTS FOR FAILURE TO FILE RETURNS. If a licensee fails, neglects, or refuses to file an IFTA tax return when due, the Division may assess the licensee in one or both of the following manners: 1. Determining the tax delinquency, penalty, and interest for each jurisdiction. This assessment is based on the best information available; and/or 2. Imposing a $50.00 failure to file penalty for each return filed late. A proposed assessment is presumed to be correct. Therefore, the burden of proof to show that an IFTA assessment is incorrect is on the licensee. (R1210; P520; N.C.G.S. 105-241.9(a))