79-3661. Same; authorities and duties of director of taxation.

215 words·~1 min read·/ks/chapter-79/79-3661

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79-3661. Same; authorities and duties of director of taxation. The director of taxation may enter into a managed audit agreement with an eligible taxpayer. Under a managed audit agreement, the director shall:

(a)Agree to accept, upon verification and subject to the provisions of K.S.A. 79-3663 , and amendments thereto, the eligible taxpayer's determinations for purposes of making a deficiency assessment or otherwise determining the taxpayer's liability for the audit period under review;

(b)provide written procedural guidelines to be included as part of the managed audit agreement, including, but not limited to:

(1)The audit period covered by the managed audit;

(2)the general scope of the managed audit;

(3)what records will be examined and what types of sampling techniques will be used;

(4)the specific procedures the taxpayer is to follow in determining any liability;

(5)the time period for completion of the managed audit; and

(6)the time period for payment of the tax, penalty and interest;

(c)review the results of the managed audit with the eligible taxpayer and issue a final determination of tax liability in the manner prescribed by K.S.A. 79-3226 , and amendments thereto; and

(d)recognize the taxpayer's right to request an informal conference in accordance with the provisions of K.S.A. 79-3610 , and amendments thereto.