§ 44-11-19 - Supplemental returns – Additional tax or refund.
SECTION 44-11-19
§ 44-11-19 Supplemental returns –Additional tax or refund. – (a) Any taxpayer which fails to include in its return any items of income orassets or any other information required by this chapter or by regulationsprescribed in pursuance of this chapter shall make a supplemental returndisclosing these facts. Any taxpayer whose return to the collector of internalrevenue, or whose net income returned, shall be changed or corrected by anyofficial of the United States government in any respect affecting a tax imposedby this chapter shall, within sixty (60) days after receipt of a notificationof the final adjustment and determination of the change or correction, make thesupplemental return required by this section.
(b) Upon the filing of a supplemental return the taxadministrator shall examine the return and shall determine any additional taxor refund that may be due and shall notify the taxpayer. Any additional taxshall be paid within fifteen (15) days after the notification together withinterest at the annual rate provided by § 44-1-7 from the original duedate of the return for the taxable year to the date of payment of theadditional tax. Any refund shall be made by the tax administrator together withinterest at the annual rate provided by § 44-1-7.1 from the date ofpayment of the tax to the date of the refund.