NRS 375B.190 Penalty for failure to file timely return; waiver.
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/nv/chapter-375b-generation-skipping-transfer-tax/375b-190·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 375B.190 Penalty for failure to file timely return; waiver. If the return required by NRS 375B.150 is not filed within the time specified in that section or the extension specified in NRS 375B.160 , the person liable for the tax shall pay, except as otherwise provided in NRS 360.232 and 360.320 , and in addition to the interest provided in NRS 375B.250 , a penalty equal to 5 percent of the tax due, as finally determined, for each month or portion of a month during which that failure to file continues, not exceeding 25 percent in the aggregate, unless it is shown that there was reasonable cause for the failure to file.
If a similar penalty for failure to file timely the federal estate tax return is waived, that waiver shall be deemed to constitute reasonable cause for purposes of this section.