26-18-506 - 1(d) - Insufficient Records and Estimated Assessment
Ark. Code R. 26-18-506 - 1(d) (1997)
in: 26-18-506 - 1(d) - Insufficient Records and Estimated Assessment
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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