Thursday, March 17, 2011

HOW LONG DO I NEED TO KEEP THESE RECORDS

One of the questions I get asked a lot this time of year is "how long do I need to keep these records?" Below is a link to our Record Retention Guide. I hope that this is helpful.

I can guarantee that if the IRS comes around you will be glad that you kept good records. We have an audit going on right now where the IRS is asking for some information back to 1993. If the client had used our guide we would have the records. As it is we are having to depend on the mercy of the auditor. That is a scary thought.

Using our record retention guide will help "audit proof" your return.


http://www.kopsaotte.com/tax/files/file/Record%20Retention.pdf