N.Y. Comp. Codes R. & Regs. tit. 20 § 2500.7

Current through Register Vol. 46, No. 45, November 2, 2024

Section 2500.7 - Retention of documents for New York reportable transactions

Tax Law, § 25(d) and (e)

(a) Every taxpayer required to disclose a New York reportable transaction as required under section2500.2 of this Part must retain a copy of all relevant documents related to such transaction in accordance with section 25(d) of the Tax Law.

(b) A taxpayer must retain all documents for six years from the due date of the return for which disclosure of a New York reportable transaction is required or the date of filing, if later; and must make such information available for inspection by the commissioner in connection with any examination.

(c) The retention requirements of this Part are in addition to any other retention requirements, general or specific, provided by law.

N.Y. Comp. Codes R. & Regs. Tit. 20 § 2500.7