IDAPA 35.01.10.021 — MANDATORY RECORDS

Sections 63-2511, 63-2555, Idaho Code
01.
In General. Every person liable for payment of taxes on cigarettes or tobacco products needs to
keep and preserve the following records in date order:
(7-1-25)
a.
A daily record of all cash and credit sales including invoices, receipts, journals, and other related
records.
(7-1-25)
b.
A record of the amount of all merchandise purchased, including all bills of lading, invoice, sales
receipts, bank statements, canceled checks, and copies of purchase orders.
(7-1-25)
c.
Supporting documents for all deductions and exemptions allowed by law or claimed on a tax return.
(7-1-25)
d.
True and complete physical counts of the cigarette and tobacco products inventory taken at the end
of each reporting period.
(7-1-25)
e.
True and complete records of breakage and spoilage claimed as a deduction from inventory.
(7-1-25)
f.
Other documents used in preparing or supporting the accuracy of the return.
(7-1-25)
02.
Records Retention. If a taxpayer appeals an assessment, all records need to be kept until final
disposition of the appeal.
(7-1-25)