Idaho Administrative Code
Title IDAPA 35 - Tax Commission, State
Rule 35.01.09 - IDAHO BEER AND WINE TAXES ADMINISTRATIVE RULES
Section 35.01.09.019 - RECORDS REQUIRED
Universal Citation: ID Admin Code 35.01.09.019
Current through September 2, 2024
Sections, 23-1006, 23-1051, 23-1314, 23-1323, Idaho Code
01. In General. Every person liable for the payment of taxes on beer or wine must keep and preserve the following records:
a. A daily record of all cash and credit sales including invoices, receipts, journals, and other related records.
b. A record of the amount of all merchandise purchased, including all bills of lading, invoices, sales receipts, bank statements, canceled checks, and copies of purchase orders arranged in numerical and chronological order.
c. Supporting documents for all deductions and exemptions allowed by law or claimed on a tax return.
d. True and complete physical counts of the beer and wine inventory taken at the end of each reporting period.
e. True and complete records of breakage and spoilage claimed as a deduction from inventory.
f. Any records used to complete a return, including but not limited to those listed above, are to be kept in numerical and chronological order so they can be balanced with the corresponding return.
02. Record Retention. These records are to be kept for a minimum of four (4) years. If a taxpayer appeals an assessment, all records are to be legible and kept on the business premises until final disposition of the appeal.
Effective April 6, 2023
Disclaimer: These regulations may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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