Oklahoma Administrative Code
Title 735 - State Treasurer
Chapter 80 - Unclaimed Property
Subchapter 9 - Office Audit
Section 735:80-9-3 - Mailing of assessment letters to holders; office audits
Current through Vol. 42, No. 1, September 16, 2024
(a) After the review of holder reports in 735:80-9-1 has been completed, the holders will be advised of any amendments made as a result of an office audit. If the holder has been assessed for unpaid amounts and/or interest/penalty, an assessment letter showing the unpaid amounts and interest/penalty will be mailed to the holder. Such letter shall contain sufficient information to make the holders aware of their reporting obligations and legal options.
(b) The holder shall have sixty (60) days in which to review the examination findings and propose adjustments to the findings. No later than sixty (60) days after the date of the assessment letter, the holder shall cause to be generated an amended report. If the holder disagrees with the facts or law, the holder must file a formal protest within the sixty (60) day period, or the amount as set out by the assessment letter shall become final and become immediately due and payable.
(c) A holder may elect to file and pay under protest. Interest/penalties will cease to accrue on the date of such payment.
Transferred from 710:80-9-3 at 60 O.S., § 688, eff 7-1-99 (see Editor's Notice published at 17 Ok Reg 217); Amended at 17 Ok Reg 2167, eff 6-12-00
