17 NCAC 06B .3404          FEDERAL CHANGES AND FRAUD

When there is a federal change and a fraud penalty is assessed by the federal government, the state may open the year on the basis of either fraud or the federal assessment.

History Note:        Authority G.S. 105‑159; 105‑236(a)(3); 105‑236(a)(6); 105‑241.8; 105‑262;

Eff. February 1, 1976;

Amended Eff. June 1, 1993;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. July 26, 2015.