Minnesota Administrative Rules
Agency 181 - Revenue Department
Chapter 8122 - LAWFUL GAMBLING; ANNUAL AUDITS
Part 8122.0250 - DUE DATE; EXTENSIONS

Universal Citation: MN Rules 8122.0250

Current through Register Vol. 49, No. 13, September 23, 2024

The annual audits required are due on or before the last day of the sixth month following the organization's fiscal year end or on an extended due date.

A written request to file the annual audit after the required due date must be submitted to the Department of Revenue by the required annual audit due date. The request must be signed by the organization's chief executive officer, gambling manager, or the independent accountant performing the audit. The request must include the:

A. organization's name;

B. organization's license number;

C. organization's fiscal year end;

D. reason for the request; and

E. expected completion date.

An automatic 30-day extension will be granted in each fiscal year. Second requests for an extension or requests for extensions exceeding 30 days will be granted only upon a showing of reasonable cause. "Reasonable cause" shall mean cases where the reasons for the fling delay are beyond the control of the organization. Acceptable reasons for granting an additional extension include, but are not limited to:

(1) delay or failure to file was due to serious illness or death of the accountant or a key member of the accountant's staff;

(2) delay or failure to file was due to erroneous information given the organization by a Department of Revenue employee; or

(3) delay or failure to file was caused by the destruction by fire or other casualty of the organization's place of business or business records.

Statutory Authority: MS s 270.06; 270C.06

Disclaimer: These regulations may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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