Ariz. Admin. Code § 15-10-201

Current through Register Vol. 30, No. 45, November 8, 2024

Section R15-10-201 - Closing Agreements Relating to Tax Liability

A. A closing agreement under A.R.S. § 42-1113 or A.R.S. § 42-2056 may relate to any taxable period.

1. The Department and a taxpayer may enter into a closing agreement for:

a. A taxable period that ends before the date of the agreement that:

i. Relates to one or more separate items affecting the liability of the taxpayer, or

ii. Relates to the total liability of the taxpayer.

b. A taxable period that ends after the date of the agreement only if the agreement relates to one or more separate items affecting the liability of the taxpayer.

2. The Department and the taxpayer may enter into a closing agreement even if under the agreement the taxpayer is not liable for any tax for the period to which the agreement relates.

3. The Department and a taxpayer may enter into more than one closing agreement for a taxable period relating to the liability of the taxpayer.

B. A closing agreement shall be in writing and shall state the conditions of the agreement.

C. A closing agreement is not effective until it is signed by the taxpayer or an authorized representative of the taxpayer and by an authorized representative of the Department.

Ariz. Admin. Code § R15-10-201

Adopted effective September 16, 1987 (Supp. 87-3). Former Section R15-10-201 renumbered to R15-5-2207 (Supp. 94-1).New Section R15-10-201 renumbered from R15-2-231 (Supp. 94-1). Amended effective January 20, 1998 (Supp. 98-1). Amended by final rulemaking at 7 A.A.R. 2900, effective June 13, 2001 (Supp. 01-2).