77-2787. Income tax; erroneous refund; deficiency; limitation.
77 words·~1 min read·
/ne/chapter-77/77-2787A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An erroneous refund shall be considered an underpayment of tax on the date made, and an assessment of a deficiency arising out of an erroneous refund may be made at any time within two years from the making of the refund, except that the assessment may be made within five years from the making of the refund if it appears that any part of the refund was induced by fraud or the misrepresentation of a material fact.