IDAPA 35.01.09.019 — RECORDS REQUIRED (RULE 019)

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:
(4-6-23)
a.
A daily record of all cash and credit sales including invoices, receipts, journals, and other related
records.
(4-6-23)
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.
(4-6-23)
c.
Supporting documents for all deductions and exemptions allowed by law or claimed on a tax return.
(4-6-23)
d.
True and complete physical counts of the beer and wine inventory taken at the end of each reporting
period.
(4-6-23)
e.
True and complete records of breakage and spoilage claimed as a deduction from inventory.
(4-6-23)
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.
(4-6-23)
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.
(4-6-23)