(a) The Tax Collector
may require the taxpayer to provide and may examine any books, records,
or other documents of any person who, in the opinion of the Tax Collector,
might be liable for any tax under this Chapter, for any periods available
to him under Section ___-550.
(b) In order to
perform any examination authorized by this Chapter, the Tax Collector
may issue an Administrative Request for the attendance of witnesses
or for the production of documents, as provided by Regulation.
(c) If within
sixty (60) days of receiving a written request for information in
the possession of the taxpayer, the taxpayer fails or refuses to furnish
the requested information, the Tax Collector may, in addition to penalties
prescribed under Section -540, impose an additional penalty of twenty-five
percent (25%) of the amount of any tax deficiency which is attributable
to the information which the taxpayer failed to provide, unless the
taxpayer shows that the failure was due to reasonable cause and not
due to willful neglect.
(d) The Tax Collector
may use any generally accepted auditing procedures, including sampling
techniques, to determine the correct tax liability of any taxpayer.
The Tax Collector shall ensure that the procedures used are in accordance
with generally accepted auditing standards.
(e) The fact that
the taxpayer has not maintained or provided such books and records
which the Tax Collector considers necessary to determine the tax liability
of any person does not preclude the Tax Collector from making any
assessment. In such cases, the Tax Collector is authorized to use
estimates, projections, or samplings, to determine the correct tax.
The provisions of Section ___-545(b), concerning estimates, shall
apply.
(f) The Tax Collector
shall give the taxpayer written notice of his determination of a deficiency
by certified mail to the taxpayer's address of record with the tax
collector, and the tax deficiency, plus interest and penalties, is
final forty-five (45) days from the date of receipt of the notice
by the taxpayer, unless an appeal is taken pursuant to the provisions
of Sections ___-570 through ___-575.
