4 ms·
What do you do with all the papers you legally have to keep for seven years (or however many years where you are)?
by nodata 15y ago
What do you do with all the papers you legally have to keep for seven years (or however many years where you are)?
- tlrobinson 15y agoWhat kinds of papers are we talking about?
- crocowhile 15y agotaxes related stuff.
- ceejayoz 15y agohttp://www.csmonitor.com/2006/0403/p16s01-wmgn.html http://www.csmonitor.com/2006/0403/p16s01-wmgn.html > According to an IRS spokesman, there are a number of ways that a taxpayer can meet the recordkeeping requirements to prove a deduction or other expense. Documentation can include hard copy or electronic records such as direct receipts, acknowledgment letters, credit-card receipts, and credit-card statements, that show the payment date, amount, recipient, and any other information required for the particular type of deduction (such as business purpose for a business deduction).
- there 15y agoas someone that's been audited by the irs, i can tell you that having printouts of line-items from my web-based billing system, credit card statements, and copies of receipts worked fine. in fact, having everything on a computer in pdf format would probably make the whole process even easier because you could search through them all on a laptop at the audit. the auditor will probably want printouts of the scanned copies at the end, though.
- crocowhile 15y agoIRS, IRS... You Americans keep forgetting there are other countries in the world.
- Tyrannosaurs 15y agoAnd you're suggesting that these other countries don't have tax offices who carry out audits? Where are these countries and can I move there?
- crocowhile 15y agoNo, where did you get that from? I am suggesting that there are other countries where it is required to hold on the paper copy of certain documents for tax purposes.
- Tyrannosaurs 15y agoAh, apologies, I misunderstood.
- kylec 15y agoI scan them but I do keep the files is paper form that I'm required to. However, I only have very few files like that, and they're easy to store and manage.
- mahyarm 15y agoWhich papers do you need to keep that actually have to be in paper format?