Mich. Admin. Code R. 205.4104 - General requirements
Rule 4.
(1)
Machine-sensible records used to establish tax compliance shall contain
sufficient transaction-level detail information so that the details underlying
the machine-sensible records can be identified and made available to the
department upon request. A taxpayer may discard duplicated records and
redundant information if the taxpayer's responsibilities under these rules are
otherwise met.
(2) At the time of
an examination, the retained records shall be capable of being retrieved and
converted to a standard record format.
(3) Taxpayers are not required to construct
machine-sensible records other than those created in the ordinary course of
business. A taxpayer who does not create the electronic equivalent of a
traditional paper record in the ordinary course of business is not required to
construct such a record for tax purposes. However, in the absence of the
electronic equivalent, the taxpayer shall maintain traditional paper
records.
Notes
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