3 ms·

Wow, you really created an account to make that comment? > In what situation will an individual need to supply their utility bills to the taxman during an audi

Wow, you really created an account to make that comment? > In what situation will an individual need to supply their utility bills to the taxman during an audit? The bills would be useful if they expensed some of those payments, deducted them, or whatever. With a record number of people working from home, some portion of those expenses might be tax deductible for some people, some people might receive reimbursements from an employer, etc. (nobody said anything about an audit) > I’ve certainly never needed to pull up my utility bills while paying taxes as a private person. I think we can all agree that if you have never done this, it's unthinkable that anyone would ever do this.

rosndo 5y ago
- justin66 5y ago
  You would save the records for deductions or business expenses or whatever as a bookkeeping measure - and as a tax precaution, yes - even if you were not expecting an audit. Audits are fairly unusual. (Way, way upthread jacquesm cited tax audits as a reason for these records to be physically provided, but they're a useful and common means of communication when employing a tax preparer or bookkeeper as well. And back to the original point, this is all even more likely to be true of an "old" person.) The cost of saving paper records, for an individual, is fairly close to zero, whereas it's a colossal pain in the butt to track down stuff later. Make that mistake once and you won't do it again.
  - rosndo 5y ago
    > You would save the records for deductions or business expenses or whatever as a bookkeeping measure - and as a tax precaution, yes - even if you were not expecting an audit. Audits are fairly unusual I think you are just repeating original comment here. Regular people in regular situations will never need their old utility bills for tax purposes. Those choosing to e.g. run a business, pick up various extra responsibilities in doing so. In that case it’s absolutely your own responsibility to maintain good records, and you should print electronic invoices if you so desire. If you run a business and are using your utility bills as a basis for deductions, you’d have to be stupid to not safely store them (digitally or physically). Paper invoices should be opt-in, not opt-out. Very few people actually require them.

rosndo 5y ago

justin66 5y ago
You would save the records for deductions or business expenses or whatever as a bookkeeping measure - and as a tax precaution, yes - even if you were not expecting an audit. Audits are fairly unusual. (Way, way upthread jacquesm cited tax audits as a reason for these records to be physically provided, but they're a useful and common means of communication when employing a tax preparer or bookkeeper as well. And back to the original point, this is all even more likely to be true of an "old" person.) The cost of saving paper records, for an individual, is fairly close to zero, whereas it's a colossal pain in the butt to track down stuff later. Make that mistake once and you won't do it again.
- rosndo 5y ago
  > You would save the records for deductions or business expenses or whatever as a bookkeeping measure - and as a tax precaution, yes - even if you were not expecting an audit. Audits are fairly unusual I think you are just repeating original comment here. Regular people in regular situations will never need their old utility bills for tax purposes. Those choosing to e.g. run a business, pick up various extra responsibilities in doing so. In that case it’s absolutely your own responsibility to maintain good records, and you should print electronic invoices if you so desire. If you run a business and are using your utility bills as a basis for deductions, you’d have to be stupid to not safely store them (digitally or physically). Paper invoices should be opt-in, not opt-out. Very few people actually require them.