{"data":{"id":"us-ky/krs-139.620","jurisdiction":"us-ky","citation":"KRS 139.620","heading":"Time for assessing taxes shown owing by the return.","body":"(1) As soon as practicable after each return is received, the department shall examine\nand audit it. If the amount of tax computed by the department is greater than the\namount returned by the taxpayer, the excess shall be assessed by the department\nwithin four  (4) years from the date the return was filed, except as provided in\nsubsection (2), and except that in the case of a failure to file a return or of a\nfraudulent return the excess may be assessed at any time. A notice of such\nassessment shall be mailed to the taxpayer. The time herein provided may be\nextended by agreement between the taxpayer and the department.\n(2) For the purposes of this section, a return filed before the last day prescribed by law\nfor the filing thereof shall be considered as filed on such last day.\n(3) When a business is discontinued, a determination may be made at any time\nthereafter within the periods specified in subsection (1) as to liability arising out of\nthat business, irrespective of whether the determination is issued prior to the due\ndate of the liability as otherwise specified in this chapter.","path":["KRS Chapter 139"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28937","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:32Z","sha256":"1e7b33a5ffbbcdac23c3a914e10f1898a12ca7f4ad30c17fc68a0dfe95de8bfd","source_id":"us-ky","stale":false,"prev":"us-ky/krs-139.610","next":"us-ky/krs-139.630"},"notice":"GroundRules: Original legal text. Not legal advice."}