Section 360.397 - Request for waiver or reduction of penalty or interest: Generally1. Except as otherwise provided in NAC 360.398 and 363C.250, a taxpayer or the taxpayer's agent may request the waiver or reduction of the penalty or interest, or both, by submitting to the Department a written statement signed under oath by the taxpayer or the taxpayer's agent which sets forth the facts and circumstances surrounding the failure of the taxpayer to make the payment in a timely manner.2. Except as otherwise provided in this subsection, the Department shall not consider a request made pursuant to subsection 1 until the taxpayer has paid in full the tax or fee upon which the interest or penalty is assessed. The Department may consider a request made pursuant to subsection 1 before the taxpayer has made such a payment if the Department determines that the cost of taking any action for the collection of the tax for which the waiver or reduction is requested would exceed the total accumulated amount of all the unpaid taxes for the tax for which the waiver or reduction is requested and any applicable interest and penalties.Nev. Admin. Code § 360.397
Added to NAC by Tax Comm'n by R018-05, eff. 10-31-2005; A by R206-07, 4-17-2008; A by R123-15, eff. 6/28/2016; A by R130-21A, eff. 2/23/2022; A by R114-24A, eff. 9/16/2024