Idaho Admin. Code r. 35.01.01.010 - DEFINITIONS
Section 63-3003, Idaho Code
01.
Due Date . As used in these
rules, due date means the date prescribed for filing without regard to
extensions. (4-6-23)
02.
Mathematical Error . A mathematical error includes arithmetic
errors and incorrect computations. (4-6-23)
03.
Sale . A sale is defined as a
transaction in which title passes from the seller to the buyer, or when
possession and the burdens and benefits of ownership are transferred to the
buyer. A sale may have occurred even if the buyer does not have the right to
possession until he partially or fully satisfies the terms of the contract.
(4-6-23)
04.
Tax Home .
For income tax purposes, the term tax home refers to the taxpayer's principal
place of business, employment, station, or post of duty regardless of where he
maintains his personal or family residence. A taxpayer domiciled or residing in
Idaho with a permanent post of duty in another state is an Idaho resident for
Idaho income tax purposes. However, he is not entitled to a deduction for
travel expenses incurred in the other state since that is his tax home .
(4-6-23)
05.
Terms .
Terms not otherwise defined in the Idaho Income Tax Act or these rules will
have the same meaning as is assigned to them by the Internal Revenue Code
including Section 7701
relating to definitions of terms . (4-6-23)
06.
Wages . The term wages
relates to all compensation for services performed for an employer regardless
of the form of payment. (4-6-23)
Notes
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