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What's the point of accepting for filing (during which for many things you don't submit the record to the IRS anyway), and not accepting for audit? That seems m
by ydant 16y ago
What's the point of accepting for filing (during which for many things you don't submit the record to the IRS anyway), and not accepting for audit? That seems more backward than even I'd expect the IRS to be.
The link you sent doesn't seem to back up your claim that paper records are required. As far as I can read, it simply states that if you keep records digitally that they must be kept to certain standards. Those standards seem in line with the initial submission standards.
It then references 97-22.
- rada 16y agoFrom IRS perspective, your filings are taken on faith, while during an audit, you are expected to have records to back up those filings. Perhaps this article will explain my previous link more clearly: http://www.walletpop.com/blog/2010/04/02/afraid-of-an-audit-how-long-you-should-keep-tax-records/ http://www.walletpop.com/blog/2010/04/02/afraid-of-an-audit-...
- ydant 16y agoYes, records, but not paper records. Your latest link again reinforces the idea that you can keep scanned copies. Earlier it seemed like your point was you shouldn't scan/destroy tax records because you need paper copies in an audit. I don't see anything that agrees with that. I keep paper copies of my tax filings because it's easy enough to do. I'm just not seeing where, if my digitals never disappear, I need those paper copies to comply with the law.