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Holmes F. Crouch

Keeping Good Records: Self-Discipline & Tax Life Reality Require Clear Separation & Purging of Personal, Business, Investment, & Family SERIES: Series 500: Audits & Appeals

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ISBN: 094481770X
Издательство: Allyeartax Guides
Год издания: 2003
Book DescriptionThe preparation of tax records is the most important paperwork duty of occupationally active citizens and residents; this book offers guidance on what to keep and what to throw away so that the right information and necessary proof is readily available if needed. As the IRS increasingly encourages e-filing of tax returns, taxpayers become lazier regarding hard-copy records. Detailed are which records need to be kept for more than 15 years, which need to be kept for five to 15 years, and which need to be kept for five years or less. Tips are given on how to select and organize records properly.