35 Miss. Code. R. 1-02-205
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.
Notes
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