360.2925 Ā Provision of instructions and information to taxpayer liable for first time for taxes on business. Ā The Department shall provide each taxpayer who it determines may be liable for taxes on a business for the first time with:

1. Ā Simplified written instructions concerning the rights and responsibilities of the taxpayer, including the:

(a) Keeping of records sufficient for audit purposes;

(b) Procedures for depositing or paying taxes;

(c) Procedures for challenging any liability for taxes, penalties or interest and for requesting refunds, adjustments or credits of erroneously assessed taxes, including the steps for appealing a denial thereof;

(d) Procedures for recovering interest on overpayments of taxes; and

(e) Procedures for obtaining the release of bonds, liens, levies or other forms of security for the payment of taxes.

2. Ā Information concerning the most common errors made by taxpayers in similar businesses with regard to the collection, reporting and payment of taxes.

(Added to NRS by 1991, 1580)