{"data":{"id":"us-ky/krs-131.150","jurisdiction":"us-ky","citation":"KRS 131.150","heading":"Jeopardy assessments.","body":"(1) When the Department of Revenue reasonably believes that any taxpayer has\nwithdrawn from the state or concealed his assets or a material part thereof so as to\nhinder or evade the assessment or collection of taxes, or has desisted from any\ntaxable activity i n the state, or has become domiciled elsewhere, or has departed\nfrom this state with fraudulent intent to hinder or evade the assessment or collection\nof taxes, or has done any other act tending to render partly or wholly ineffective\nproceedings to assess or collect any such taxes, or contemplates doing any of these\nacts in the immediate future, or that any tax claim for any other reason is being\nendangered, such tax liability shall become due and payable immediately upon\nassessment or determination of the amount of taxes due, as authorized in this\nsection.\n(2) Under any of the circumstances set out in subsection (1) of this section, the\ndepartment may make a tentative assessment or determination of the taxes due, and\nmay proceed immediately to bring garnish ment, attachment or any other legal\nproceedings to collect the taxes so assessed or determined to be due.\nNotwithstanding the provisions of KRS 131.180(1), if the tax so assessed is due to\nthe failure of the taxpayer to file a required tax return a minimum  penalty of one\nhundred dollars ($100) shall be assessed unless the taxpayer demonstrates that the\nfailure to file was due to reasonable cause as defined in KRS 131.010(9). This\npenalty shall be applicable whether or not any tax is determined to be due on a\nsubsequently filed return or if the subsequently filed return results in a refund. No\nbond shall be required of the department in such proceedings. The taxpayer may\nstay legal proceedings by filing a bond in an amount sufficient in the opinion of the\ndepartment to cover the taxes, penalties, interest, and costs. If no legal proceedings\nhave been instituted, the department may require a bond adequate to cover all taxes,\npenalties, and interest. On making bond, exception to the assessment or\ndetermination of tax liability may be filed in the same manner and time as provided\nin KRS 131.110. If no exceptions are filed to the tentative assessment or\ndetermination, it shall become final.\n(3) The department may require any such taxpayer to file with it forthwith the reports\nrequired by law or regulation, or any additional reports or other information\nnecessary to assess the property or determine the amount of tax due.\n(4) If the department fails to exercise the authority conferred by this section, such\ntaxpayer shall report and pay all taxes due as otherwise provided by law.","path":["KRS Chapter 131"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28109","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:22Z","sha256":"36fb6ff1eb110af643e577a2d603e9be27403d6ff4d644dc567cfb3c74a62156","source_id":"us-ky","stale":false,"prev":"us-ky/krs-131.140","next":"us-ky/krs-131.155"},"notice":"GroundRules: Original legal text. Not legal advice."}