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006.05.502-BR-5. ABATEMENT OF ANY PENALTY OR ADDITION TO TAX ATTRIBUTABLE TO ERRONEOUS WRITTEN ...

AR ADC 006.05.502-BR-5Arkansas Administrative Code

West's Arkansas Administrative Code
Title 006. Department of Finance and Administration
Division 05. Division of Revenues
Rule 502. 1989-1 Taxpayer Bill of Rights Regulation
Ark. Admin. Code 006.05.502-BR-5
006.05.502-BR-5. ABATEMENT OF ANY PENALTY OR ADDITION TO TAX ATTRIBUTABLE TO ERRONEOUS WRITTEN ADVICE BY THE COMMISSIONER.
Currentness
A. In General - The Commissioner shall abate any portion of any penalty or addition to tax attributable to erroneous advice furnished to the taxpayer in writing by an agent of the Commissioner, acting in such agent's official capacity.
B. Limitations. - Paragraph (A) shall apply only if -
(1) The written advice was reasonably relied upon by the taxpayer and was in response to a specific written request of the taxpayer, and
(2) The portion of the penalty or addition to tax did not result from a failure by the taxpayer to provide adequate or accurate information.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.502-BR-5, AR ADC 006.05.502-BR-5
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