Or. Admin. Code § 800-025-0070

Current through Register Vol. 63, No. 12, December 1, 2024

Section 800-025-0070 - Keeping of Records

(1) If a Licensed Tax Consultant is employed by another Licensed Tax Consultant, the records must be kept by the employing Licensed Tax Consultant.

(2) If the Licensed Tax Consultant who has been designated as responsible for the tax return preparation activities and decisions of the corporation, firm, or partnership, ceases to be connected with the corporation, firm, or partnership, the records must be retained by the corporation, firm, or partnership.

(3) The records of the returns must be kept for a period of not less than four (4) years after the date of the preparation, advice, or assistance.

Or. Admin. Code § 800-025-0070

TSE 8, f. & ef. 5-19-76; TSE 1-1985, f. & ef. 1-15-85; Renumbered from 800-020-0070; BTP 2-2007, f. 1-12-07, cert. ef. 2-1-07; BTP 1-2008, f. 1-14-08, cert. ef. 2-1-08; BTP 1-2009, f. & cert. ef. 2-5-09; BTP 1-2015, f. 1-16-15, cert. ef. 2/1/2015; BTP 1-2019, amend filed 09/20/2019, effective 10/1/2019

Statutory/Other Authority: ORS 670.310(1) & 670.730(10)

Statutes/Other Implemented: ORS 673.690 & 673.605-673.990