Laserfiche WebLink
will be considered void, and shall be returned to the Director. No license shall be reissued <br /> until payment (including the twenty�ol1ars ($25.00) NSF fee) is received. <br /> (7) The Director is authorized, but not required, to mail tax return forms to taxpayers, but <br /> failure of the taxpayer to receive any such forms shall not excuse the taxpayer from filing <br /> returns and making payment of the taxes or fees, when and as due under this chapter. <br /> Section 6. Records to be preserved - Examination - Estoppel to question assessment. <br /> Every person liable for any fee or tax imposed by this chapter shall keep and <br /> preserve, for a period of five(5)years after filing a tax return, such records as may be <br /> necessary to determine the amount of any fee or tax for which the person may be liable; <br /> which records shall include copies of all federal income tax and state tax returns and <br /> reports made by the person. All books, records, papers, invoices, vendor lists, inventories, <br /> stocks of merchandise, and other data including federal income tax and state tax returns <br /> and reports shall be open for examination at any time by the Director or its duly <br /> authorized agent. <br /> (1) If a person does not keep the necessary books and records within the City, it shall be <br /> sufficient if such person (a)produces within the City such books and records as may be <br /> required by the Director, or(b) bears the cost of examination by the Director's agent at <br /> the place where such books and records are kept; provided that the person electing to bear <br /> such cost shall pay in advance to the Director the estimated amount thereof including <br /> round-trip fare, lodging, meals and incidental expenses, subject to adjustment upon <br /> completion of the examination. <br /> (2) Any person who fails, or refuses a Director request, to provide or make available <br /> records needed to comply with the requirements of this section, shall be forever barred <br /> from questioning in any court action, the correctness of any assessment of taxes made by <br /> the City based upon any period for which such books, records, and invoices have not <br /> been so kept and preserved. The Director is authorized to determine the amount of the tax <br /> or fees payable by obtaining facts and information upon which to base the estimate of the <br /> tax or fees due. Such fee or tax assessment shall be deemed prima facie correct and shall <br /> be the amount of tax owing the City by the taxpayer. The Director shall notify the <br /> taxpayer by mail the amount of tax so determined, together with any penalty, interest, and <br /> fees due; the total of such amounts shall thereupon become immediately due and payable. <br /> Section 7. Accounting methods. <br /> (1) A taxpayer may file tax returns in each reporting period with amounts based upon <br /> cash receipts only if the taxpayer's books of account are kept on a cash receipts basis. A <br /> taxpayer who does not regularly keep books of account on a cash receipts basis must file <br /> returns with amounts based on the accrual method. <br /> (2) The taxes imposed and the returns required, hereunder, shall be upon a calendar year <br /> basis. <br /> Section 8. Public work contracts. <br /> 6 <br />