N.M. Admin. Code § 3.1.11.10

Current through Register Vol. 35, No. 24, December 23, 2024

Section 3.1.11.10 - NEGLIGENCE

Taxpayer "negligence" under Subsection 7-1-69 A NMSA 1978 means:

A. failure to exercise that degree of ordinary business care and prudence which reasonable taxpayers would exercise under like circumstances;

B. inaction by taxpayers where action is required;

C. inadvertance, indifference, thoughtlessness, carelessness, erroneous belief or inattention.

N.M. Admin. Code § 3.1.11.10

11/5/85, 8/15/90, 10/31/96; 3.1.11.10 NMAC - Rn & A, 3 NMAC 1.11.10, 1/15/01