Section Rev 2410.03 - Aiding and Abetting an Understatement of Tax Liability Penalty(a) The penalty provided in RSA 21-J:33-c shall be assessed against any person who aids, assists in, procures or advises in the preparation of any tax return or document in connection with the business enterprise tax law or department administrative rule if the person knows that: (1) The information provided will be used in the preparation of any material document; and(2) If used, the information will result in an understatement of tax liability.(b) The penalty shall not be assessed when the business enterprise adequately disclosed the relevant facts regarding the tax treatment of the item in the manner provided in Rev 2410.01(b).N.H. Admin. Code § Rev 2410.03
INTERIM #5708, eff 9-23-93, EXPIRED: 1-21-94; ss by #5774, eff 1-21-94; ss by #7178, eff 12-23-99, EXPIRED: 12-23-07
New. #9065, eff 1-10-08
Amended by Volume XXXVI Number 06, Filed February 11, 2016, Proposed by #11032, Effective 1/29/2016, Expires 1/29/2026.