Nevada Taxing Information
Appeals and Petitions
If you disagree with the content of a tax notice, you may appeal it in a series of increasingly formal procedures. Depending on the type of notice, you may need to complete the associated documentation and submit it to the Department of Taxation in a timely manner.
You may be able to pay your tax liability in installments if you cannot pay the initial tax in full. The State is obligated to protect its interests, so you will need to comply closely with the terms of any agreement you make with them, lest you incur further penalties or an enforced collection process.
Interest and Penalties
Failure to pay or file your taxes by their due dates can result in additions to your total liability in the form of penalties and interest. Each varies in amount by circumstance and the type of tax left unpaid. Some may be waived if you can prove reasonable cause for your delinquency (as opposed to negligence).
Joint and Several Liability
If you are a corporate officer or other bearers of responsibility regarding tax matters, associated with a business that has a liability, you may be held liable for that liability alongside any other such individuals.
One form of enforced collection action that the State may take in resolving liability is the issuance of a warrant. This enables the levying of any real or personal property. The levying process is one of seizing and selling assets until a liability is satisfied.
Priority One: Stopping Aggressive Enforced Collections
Failure to pay a tax on time may result in the filing of a lien by the Department of Revenue. Bearing the effect and priority of a court judgement, a lien serves as a public notice of a liability and enables enforced collection actions.
Offer in Compromise
If you are unable to pay your full liability, you may be able to request an Offer in Compromise with the State, in order to settle it at less than the full amount. As this is typically a measure of last resort, you must exhaust all other options before an OIC may be considered. While acceptance of an OIC depends on a wide range of factors including your personal history, it first and foremost requires that there be serious, honest doubt regarding the collectability of your full liability or the amount of the liability itself. It may also be accepted if the OIC is found appropriate on the basis of equity and fairness.
Permit and License Revocation/Suspension
The Department of Revenue may revoke, suspend, or deny renewal of some licenses or permits until you resolve your liability.
If you do not wish to represent yourself before the State, you may authorize a qualified individual, such as an accountant or an attorney to appear in your stead. To do so, you must complete the appropriate documentation.
If you are purchasing a business, it is important that you check for any liability beforehand. If you do not, you may be held liable for any liabilities incurred prior to the purchase.