# KRS § 136.076: 136.076 Auditing of returns -- Assessment of additional tax

> Kentucky · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.076

## Section

- **Citation:** KRS § 136.076
- **Heading:** 136.076 Auditing of returns -- Assessment of additional tax
- **Jurisdiction:** Kentucky
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KY Code / Title XI / Chapter 136 / Section 136.076

## Text

136.076 Auditing of returns -- Assessment of additional tax.

(1) As soon as practicable after each return is received, the department shall examine

and audit it. If the amount of tax computed by the department is greater than the

amount returned by the taxpayer, the additional tax shall be assessed and a notice of

assessment mailed to the taxpayer by the department within four (4) years from the

date the return was filed, except that in the case of a failure to file a return, or of a

fraudulent return, the additional tax may be assessed at any time. The time provided

in this section may be extended by agreement between the taxpayer and the

department.

(2) For the purpose of subsection (1) of this section, a return filed before the last day

prescribed by law for filing the return thereof shall be considered as filed on the last

day. For taxable years beginning after December 31, 1993, any extension of time

granted for filing the return shall also be considered as extending the last day

prescribed by law for filing the return.

## Nearby sections

- [KRS § 136.010 136.010 Definitions for chapter, except KRS 136.500 to 136.575](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.010.md)
- [KRS § 136.012 136.012 "Production credit association" defined](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.012.md)
- [KRS § 136.013 136.013 "Bank for cooperatives" defined](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.013.md)
- [KRS § 136.020 136.020 Assessment of property of corporations](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.020.md)
- [KRS § 136.050 136.050 Time of payment of corporation, property, and franchise taxes -- Interest -- Penalties](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.050.md)
- [KRS § 136.060 136.060 Corporation organization tax](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.060.md)
- [KRS § 136.073 136.073 Average net capital tax on open-end registered investment companies](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.073.md)
- [KRS § 136.076 136.076 Auditing of returns -- Assessment of additional tax](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.076.md)
- [KRS § 136.115 136.115 Definitions for KRS 136.120 to 136.180](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.115.md)
- [KRS § 136.120 136.120 Public service corporation property tax -- Exemptions -- Classification -- Assessment -- Certification](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.120.md)
- [KRS § 136.130 136.130 Reports of all public service corporations -- Extensions](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.130.md)
- [KRS § 136.132 136.132 Report of vehicles owned or operated by public service corporations -- Vehicle assessment certified separately](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.132.md)
- [KRS § 136.140 136.140 Reports of interstate public service corporations](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.140.md)
- [KRS § 136.150 136.150 Ascertainment of facts on failure to report](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.150.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXI_C136_S136.076. Check the current official text before relying on it. Not legal advice.