For the purpose of ascertaining the correctness of any tax return or assessment and for the purpose of making an estimate of any taxpayer's liability for tax administered under this article, and for the further purpose of conducting the hearings provided for in Section 779.19, the Director of Finance shall have the power to examine or cause to be examined, by any agent or representative designated by the Director any books, papers, records, memoranda, inventory or equipment bearing upon the matters required to be included in the tax return, may make test checks of tax yield and may require the attendance of the person rendering the tax return or the attendance of any other person having knowledge of the matters contained therein and may take testimony and may require material proof with power to administer an oath to such person or persons.
In order to facilitate the collection of taxes hereunder not later than January 31 of each calendar year commencing with January 31, 1991, every person subject to this article shall provide the Director with a written report of payments for services to nonemployees. Payors of at least six hundred dollars ($600.00) in fees, commissions or any other form of compensation to nonemployees for services rendered in the course of the payor's trade or business shall report such payments on forms prescribed by the Director. The taxpayer, at its option, may satisfy this requirement by forwarding to the Director true copies of Form 1099-MISC. or such form as may be utilized by the Internal Revenue Service.
(Ord. 0-604. Passed 8-28-90.)