MASSACHUSETTS DEPARTMENT OF REVENUE REGULATION FACT SHEET

TITLE: 830 CMR 62C.4.1: Use of the Whole Dollar Method

REGULATORY HISTORY:

Promulgated 12/26//56 (Old number 5.00)
New Regulation Promulgated: 11/3/06

SUMMARY OF REGULATION:

830 CMR 62C.4.1 requires the use of the whole dollar method (i.e., rounding amounts entered on forms or schedules to the nearest dollar). The Commissioner may require the method by publishing or authorizing forms or schedules that do not permit the entry of fractional dollar amounts, or by a statement in the instructions requiring the whole dollar method, or both.

REASON FOR CHANGE:

Modernization.

PREPARED BY:
Massachusetts Department of Revenue
Rulings and Regulations Bureau
100 Cambridge Street, 7 th floor
Boston, Massachusetts 02114
(617) 626-3250
FAX: (617) 626-3290