Nev. Admin. Code § 360.462 — 360.462

NAC 360.462    Termination or modification of agreement. ( NRS 360.090 , 360.2915 )
1.  The Department may terminate an agreement
entered into pursuant to NAC 360.450 if
the Department determines that:
(a) The taxpayer has not complied with the terms of
the agreement;
(b) The taxpayer provided to the Department incomplete
or inaccurate information on which the Department based its determination to
enter the agreement; or
(c) The financial conditions of the taxpayer have
changed such that the taxpayer has the ability to pay the full amount of taxes,
interest and penalties owed.
2.  If the Department determines to terminate
an agreement pursuant to paragraph (b) or (c) of subsection 1, the Department
shall provide the taxpayer with written notice of its intention to terminate
the agreement at least 10 days before the date on which the Department intends
to terminate the agreement. The notice must contain an explanation of the
decision of the Department to terminate the agreement.
3.  The Department may terminate or modify an
agreement entered into pursuant to NAC
360.450 if mutual consent to terminate or modify the agreement exists
between the Department and the taxpayer.
4.  If an agreement is terminated pursuant to
this section, the total amount covered by the agreement, including, without
limitation, taxes, interest and penalties, is due on the date on which the
agreement terminates.
(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)