When a tax return has been submitted by a taxpayer and received by the department, this self-assessment constitutes an effective assessment under Section 7-1-17 NMSA 1978. Self-assessments by taxpayers are not, however, presumed to be correct under Subsection 7-1-17C NMSA 1978.

[7/19/67, 11/5/85, 8/15/90, 10/31/96; 3.1.6.10 NMAC - Rn & A, 3 NMAC 1.6.10, 1/15/01]