Mich. Admin. Code R. 205.4103 - General recordkeeping requirements

Rule 3.

(1) Pursuant to section 28(3) of the revenue act, MCL 205.28(3), a taxpayer shall maintain all records that are necessary for the proper determination of the taxpayer's tax liability. In addition, a taxpayer shall maintain the records required by each of the tax statutes that are administered by the department in accordance with the revenue act. All required records shall be made available to the commissioner at the request of the commissioner or the commissioner's authorized representatives as provided for in section 3(a) of the revenue act, MCL 205.3(a).

(2) If a taxpayer retains in both machine-sensible and hardcopy formats records required to be retained under the revenue act, the tax statutes administered through the revenue act, and these rules, the taxpayer shall make the records available to the department in machine-sensible format upon request of the commissioner or the commissioner's authorized representatives as provided for in MCL 205.3(a).

(3) Nothing in these rules shall be construed to prohibit a taxpayer from demonstrating tax compliance with traditional hardcopy documents or reproductions of those documents, in whole or in part, whether or not the taxpayer also has retained or has the capability to retain records on electronic or other storage media in accordance with these rules. However, this subrule does not relieve the taxpayer of the obligation to comply with subrule (2) of this rule.

Notes

Mich. Admin. Code R. 205.4103

1998 - 2000 AACS