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The taxman would ask you to file that explanation; 4 years down the line, 5 times, to different auditors, at different times, using different forms. You are pre
by beagle3 12y ago
The taxman would ask you to file that explanation; 4 years down the line, 5 times, to different auditors, at different times, using different forms. You are presumed guilty until you've proved your innocence. And if you've lost the paper trail - well, then, it's a taxable bonus.
(Canada might not yet be this bad - no experience there. But I've filed taxes in 3 countries that are)
- icebraining 12y agoAround here, you're always required to file those records every month (electronically). Don't assume this gets you off the hook from having to produce them later to an audit, though - it's still your responsibility to hold on to them.