Nev. Admin. Code § 360.450 — 360.450

NAC 360.450    Conditions for agreement: Period of 12 months or less; period of
more than 12 months; grounds for denial. ( NRS
360.090 , 360.2915 )
1.  Except as otherwise provided in
subsection 2 and NAC 360.460 and subject
to the approval of the Director or the Director’s designee, the Department may
enter into an agreement with a taxpayer, upon the request of the taxpayer, that
allows the taxpayer to pay taxes, interest and penalties in installments over a
period of 12 months or less if:
(a) The taxpayer submits accurate and complete
information that the Department requires to determine whether to enter into the
agreement;
(b) The taxpayer agrees in writing to comply with
all applicable laws and regulations of the Commission during the period in
which the agreement is in effect, including, without limitation, reporting and
payment requirements;
(c) The taxpayer agrees in writing that the
agreement may be terminated immediately if the taxpayer fails timely to make
any payment required by the agreement or defaults in any other reporting or
payment requirement;
(d) The Department determines that as of the date
on which the taxpayer requested to enter into the agreement, the taxpayer is
unable to pay the entire amount of taxes, interest and penalties due for
financial reasons; and
(e) The amount owed by the taxpayer on the date on
which the taxpayer requested to enter into the agreement does not exceed the
amount set by the Commission pursuant to NAC
360.454 .
2.  Except as otherwise provided in NAC 360.460 , the Director may, for good
cause shown, upon the request of a taxpayer who satisfies the requirements set
forth in subsection 1, authorize the Department to enter into an agreement with
a taxpayer that allows the taxpayer to pay taxes, interest and penalties in
installments over a period of more than 12 months.
3.  The Department or the Director, as
applicable, may deny a request to enter into an agreement pursuant to
subsection 1 or 2 if the taxpayer has not complied with a previous agreement
with the Department to pay taxes, interest and penalties in installments.
4.  As used in this section, “good cause”
includes, without limitation, circumstances that would prevent a taxpayer from
paying the taxes, interest and penalties in a period of 12 months or less.
(Added to NAC by Tax Comm’n by R046-01, eff. 11-1-2001;
A by R202-08, 10-15-2010; R089-14, 6-26-2015)