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From 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 w
by rada 16y ago
From 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.