2005 Idaho Code - 63-3048 — ADJUSTED OR COMPROMISED CASES -- CLOSING AGREEMENTS

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 30
                                  INCOME TAX
    63-3048.  ADJUSTED OR COMPROMISED CASES -- CLOSING AGREEMENTS. (a) The
state tax commission or its delegate is authorized to enter into an agreement
in writing with any person relating to the liability of such person, or of the
person for whom he is acting, in respect of any tax under this act for any
taxable period ending prior to the date of the agreement.
    (b)  Such agreement shall be final and conclusive and, except upon a
showing of fraud or malfeasance, or misrepresentation of a material fact:
    (1)  The case shall not be reopened as to matters agreed upon or the
    agreement modified by any officer, employee, or agent of the state.
    (2)  In any suit, action, or proceeding, such agreement, or any
    determination, assessment, collection, payment abatement, refund, or
    credit made in accordance therewith, shall not be annulled, modified, set
    aside, or disregarded.