Time limitations for assessments, collection, refunds, and prosecution — Arkansas Code § 26-18-306

# (a)

Adjustment to federal return — Duty to amend state return — Arkansas Code § 26-18-306(b).

# (1)

For any given tax year, if the Internal Revenue Service changes and corrects the taxable income, taxable estate, and/or income tax due on an Arkansas taxpayer's federal income tax return, the taxpayer must file an amended Arkansas income tax return within thirty (30) days of receiving such notice from the Internal Revenue Service.

# (2)

This provision applies to any taxpayer who is required to file an Arkansas individual income tax return, whether the individual is a resident, part-year resident, or nonresident of Arkansas.

# (b)

Time limitation on refunds and verified claim for credit — Arkansas Code § 26-18-306(i)(2). In the case of a taxpayer who fails to file a return, underreports his or her income by twenty-five percent (25%) or more, or fails to notify the Secretary of the Department of Finance and Administration of any change or correction by the Internal Revenue Service, no amended return or verified claim for credit or refund will be allowed after three (3) years from the date the original return or the notification of change by the Internal Revenue Service was originally due.

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