Mississippi Code

Miss. Code Ann. § 27-65-43 (2026)

Taxpayer must keep records

✓ current as of July 2026

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It shall be the duty of every person taxable under this chapter to keep and preserve for a period of three (3) years adequate records of the gross income, gross receipts or gross proceeds of sales of the business, including all invoices of merchandise purchased, all bank statements and cancelled checks, and all other books or accounts as may be necessary to determine the amount of tax for which he is liable. Said records shall be adequate in substance to conform with the provisions of this chapter and the regulations promulgated by the commissioner, and all of such records shall be written in the English language. All records shall be open for examination, at any time, by the commissioner or his duly authorized agent.

The commissioner may require any information or records from computer information systems on media common to those systems. Taxpayers' records may be sampled for audit purposes at the discretion of the commissioner and any assessment rendered as a result of same shall be considered prima facie correct.

The records provided for in this section shall be kept at the taxpayer's principal place of business within this state, and failure to keep and allow examination of such records shall subject the taxpayer to all the penalties of Section 27-65-85 of this chapter.

Codes, 1942, § 10120; Laws, 1932, ch. 90; Laws, 1934, ch. 119; Laws, 1936, ch. 158; Laws, 1938, ch. 113; Laws, 1944, ch. 129, § 8; Laws, 1952, ch. 403, § 5; Laws, 1992, ch. 402, § 1, eff. 7/1/1992.

Notes of Decisions

Cited in 6 cases (4 in the last 5 years), 1988–2025 · leading case: Marx v. Bounds, 528 So. 2d 822 (Miss. 1988).

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Marx v. Bounds, 528 So. 2d 822 (Miss. 1988). “Note that Miss.Code Ann. § 27-65-43 (1972), requires the taxpayer to keep records of gross sales.”

Blalock v. Mississippi Dep't of Revenue (In re Blalock), 537 B.R. 284 (Bankr. S.D. Miss. 2015). “” Miss. Code Ann. § 27-65-43 . Although the Debtor provided bank statements, purchase invoices, and sales invoices to the MDOR, the records were incomplete.”

Jackson Land Food Mart Inc., Abdo Fadel, Sultan Naji & Seena Naji v. Herb Frierson, in his Off. Capacity as the Comm'r of Revenue of the Mississippi Dep't of Revenue (Miss. Ct. App. 2021). · cites it 3× “” Miss. Code Ann. § 27-65-43 (Rev. 2017) (emphasis added).”

Back Bay Lawnscapes LLC, Lowell Fountain & Bethany Fountain v. Christopher Graham, In His Off. Capacity as The Comm'r of the Mississippi Dep't of Revenue (Miss. Ct. App. 2025). · cites it 3× “See Miss. Code Ann. § 27-65-43 (Rev. 2022); Miss.”

Rawan Hayaf, LLP, Ali M. Saleh, Hayaf Saleh & Sena Edha v. Herb Frierson, in his Off. Capacity as the Comm'r of Revenue of the Mississippi Dep't of Revenue (Miss. Ct. App. 2021). “” United Roofing, 2020 WL 7221730 at *7 (¶25) (citing Miss. Code Ann. § 27-65-43 (Rev. 2017)). “[I]n order for the assessments to be prima facie correct, the auditor must make them ‘from any information available’ according to section 27-65-37, not necessarily ‘from the best…”

Billy G. Parrott Jr., Santa's Tree Land & Wholesale Fireworks, LLC, & Karen Parrott & Billy Parrott Jr., Individually v. Herb Frierson, In His Off. Capacity as The Comm'r of the Mississippi Dep't of Revenue & Mississippi Dep't of Revenue (Miss. Ct. App. 2025). “Miss. Code Ann. §§ 27-65-43 (Rev. 2024) and 27-7-49(3) (Rev.”

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