Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Regulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-18-506 - PRESERVATION OF RECORDS BY TAXPAYER
Rule 1.26-18-506(d) - Insufficient Records and Estimated Assessment

Universal Citation: AR Admin Rules 1.26-18-506(d)

Current through Register Vol. 49, No. 9, September, 2024

If the taxpayer cannot produce sufficient records to reconcile the amount of tax due or to prove the accuracy of any return, the director may make an estimated assessment based upon information available to him. The burden of proof of refuting this assessment is upon the taxpayer.

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