Section 0600-05-.05 - AUDIT(1) Desk audits shall be performed on all schedules returned. Items to be reviewed shall include: (c) Any evidence provided by the taxpayer regarding value;(e) Previous year's assessment.(2) Systematic field audits of individual accounts shall be performed as deemed necessary by the assessor of property. In addition, random field audits shall be performed periodically. Nonreporting accounts, new accounts, major accounts, accounts with significant changes, and accounts suspected of improperly reporting may be emphasized. The purpose of the field audit shall be to determine if the taxpayer has reported properly or, if the taxpayer has not reported, to gather data for a forced assessment.(3) Audits shall be conducted in accordance with a plan submitted by the assessor of property and approved by the State Board of Equalization.(4) Assessors shall maintain confidentiality of taxpayer information in accordance with T.C.A. § 67-5-402.Tenn. Comp. R. & Regs. 0600-05-.05
Original rule filed August 29, 1988; effective October 13, 1988. Amendments filed February 21, 2017; effective 5/22/2017.Authority: T.C.A. §§ 67-1-305 and 67-5-902.