Section 35-1-02-205 - [Effective 12/23/2024]Records may be considered inadequate if:
1. There are missing, lost, or incomplete documents or records, and/or the records are not in a form that the Department can audit.2. The taxpayer or his designated agent, if applicable, failed or refused to provide records to the Department.3. The records do not clearly demonstrate receipts or transactions to a degree necessary to determine the amount of tax which the taxpayer is liable for.4. The records do not substantiate the taxable status of purchases and/or show that a business's purchases correlate to business activity.35 Miss. Code. R. 1-02-205