North Carolina § 105-251 - Information required of taxpayer and corrections based on information.

§ 105-251. Information required of taxpayer and corrections based on information.

Scope of Information. - A taxpayer must give information to the Secretary when the Secretary requests the information. The Secretary may request a taxpayer to provide only the following kinds of information on a return, a report, or otherwise: Information that identifies the taxpayer. Information needed to determine the liability of the taxpayer for a tax. Information needed to determine whether an item is subject to a tax. Information that enables the Secretary to collect a tax. Other information the law requires a taxpayer to provide or the Secretary needs to perform a duty a law requires the Secretary to perform. Correction of Liability. - When a taxpayer provides information to the Secretary within the statute of limitations and the information establishes that an assessment against the taxpayer is incorrect or that the taxpayer is allowed a refund, the Secretary must adjust the assessment or issue the refund in accordance with the information. This action is a correction of an error by the Department or by the taxpayer and is not part of the process for the administrative or judicial review of a proposed assessment or a claim for refund. History (1939, c. 158, s. 921; 1973, c. 476, s. 193; 1993 (Reg. Sess., 1994), c. 661, s. 2; 2008-134, s. 71.) Effect of Amendments. - Session Laws 2008-134, s. 71, effective July 28, 2008, rewrote the section heading, which formerly read: "Type of information a taxpayer must provide"; designated the previously existing provisions as subsection (a); in subsection (a), inserted "Scope of Information. - " at the beginning; and added subsection (b). § 105-251.1: Repealed by Session Laws 1991 (Regular Session, 1992), c. 1007, s. 14.