Iowa Admin. Code r. 701-259.4 - [Effective 4/23/2025] Estimate gallonage
(1)
Inadequate records. In the event the taxpayer's records are
lacking or inadequate to support any return filed by the taxpayer, or to
determine the taxpayer's liability, the department has the power to estimate
the gallonage upon which tax is due.
(2)
Determination of
estimate. Estimated gallonage will be based upon such factors as, but
not limited to, the following:
a. Prior
experience of the taxpayer;
b.
Taxpayers in similar situations;
c.
Industry averages;
d. Records of
suppliers or customers; and
e.
Other pertinent information the department may possess, obtain or examine.
This rule is intended to implement Iowa Code section 452A.64.
Notes
ARC 6508C, IAB 9/7/22, effective 10/12/22
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