Ordinance 3710-19 - Laserfiche WebLink

3.19.070 Accounting methods. A. A taxpayer may file tax returns in each reporting period with amounts based upon cash receipts only if the taxpayer's books of account are kept on a cash receipts basis. A taxpayer who does not regularly keep books of account on a cash receipts basis must file returns with amounts based on the accrual method. B. The taxes imposed and the returns required, hereunder, shall be upon a calendar year basis. 3.19.080 Public work contracts—Payment of fee and tax before final payment for work. The director may, before issuing any final payment to any person performing any public work contract for the city, require such person to pay in full all license fees or taxes due under this title from such person on account of such contract or otherwise, and may require such taxpayer to file with the director a verified list of all subcontractors supplying labor and/or materials to the person in connection with said public work. 3.19.090 Underpayment of tax, interest,or penalty—Interest—Limitations. inns. A. If, upon examination of any returns, or from other information obtained by the director, it appears that a tax or penalty less than that properly due has been paid,the director shall assess the additional amount found to be due and shall add thereto interest on the tax only.The director shall notify the person by mail of the additional amount,which shall become due and shall be paid within thirty days from the date of the notice, or within such time as the director may provide in writing. B.1. For tax liabilities arising after December 31, 1991, and until January 1, 2005, from the date of the liability to the date of payment, the rate of interest shall be variable and shall be an average of the federal short-term rate as defined in 26 U.S.C. Section 1274(d) plus two percentage points.The average will be computed as provided in RCW 82.32.050(2). 2. For tax periods after December 31, 2004,the director shall compute interest in accordance with RCW 82.32.050 as it now exists or as it may be amended. 3. If subsection (B)(2) of this section is held to be invalid, then the provisions of RCW 82.32.050 existing at the effective date of the ordinance codified in this section shall apply. 3.19.095 Time in which assessment may be made. The director shall not assess, or correct an assessment for, additional taxes, penalties, or interest due more than four years after the close of the calendar year in which they were incurred, except the director may issue an assessment: A. Against a person who is not currently registered or licensed or has not filed a tax return as required by this chapter for taxes due within the period commencing ten years prior to the close of the calendar year in which the person was contacted in writing by the director; Now LI 2019 ORDINANCE: Tax Administration Page 8 of 22