20 CRR-NY 2500.7NY-CRR
20 CRR-NY 2500.7
20 CRR-NY 2500.7
2500.7 Retentionof documents for New York reportable transactions.
Tax Law, ยง 25(d) and (e)
(a) Every taxpayer requiredto disclose a New York reportable transaction as required under section2500.2 of this Part must retain a copy of all relevant documents relatedto such transaction in accordance with section 25(d) of the Tax Law.
(b) A taxpayer mustretain all documents for six years from the due date of the returnfor which disclosure of a New York reportable transaction is requiredor the date of filing, if later; and must make such information availablefor inspection by the commissioner in connection with any examination.
(c) The retention requirementsof this Part are in addition to any other retention requirements,general or specific, provided by law.
20 CRR-NY 2500.7
Current through September 30, 2022
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.