Torrance Municipal Code Art. 6 Determinations Where No

228.6.1 ESTIMATE OF AMOUNT DUE.

(Amended by O-2325)

If a return is not made, the Director shall make an estimate of the amount due from any person liable for the tax. The estimate shall be made for the quarter or quarters in respect to which a return was not made and shall be based upon any information available to the Director. The Director shall add to the estimated amount interest at the rate of one-half (1/2) of one (1) percent per month or fraction thereof, and penalty equal to ten (10) percent of the amount of principal and interest due. One or more determinations may be made for one or for more than one (1) quarter.

228.6.2 OVERPAYMENTS.

In making a determination the Director may offset overpayments for any quarter or quarters together with interest on the overpayments, against underpayments for another month or months, and against interest and penalties on the underpayments.

228.6.3 FRAUD PENALTY.

If the failure of a person to file a return is due to fraud or intent to evade the tax a penalty of twenty-five (25) percent of the amount required to be paid by the person, exclusive of penalties, shall be added thereto in addition to the ten (10) percent penalty provided in Sec. 228.6.1.

228.6.4 NOTICE OF DETERMINATION.

Promptly after making his determination the Director shall give to the person against whom the determination is made written notice of his estimate and determination, and of the penalty. The notice shall be served personally or by mail in the manner prescribed for service of notice of a deficiency determination.