Now that the tax filing season has come and gone, you may be wondering how long to keep records and what records to keep. Keeping necessary records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the IRS selects your return for an audit. “Normally, …
Tag Archive: records
Permanent link to this article: http://www.easttexasreview.com/paperwork-after-tax-filing-season/
Jun 15
Prepare for disasters
Planning what to do in case of a disaster is an important part of being prepared. The Internal Revenue Service encourages taxpayers to safeguard their records. Some simple steps can help individuals and businesses protect financial and tax records in case of disasters. “There are real benefits to being prepared for catastrophic events like tornadoes …
Permanent link to this article: http://www.easttexasreview.com/prepare-for-disasters/
Jan 05
Good records makes tax time easier
Tax filing season is only a few weeks away, and the Internal Revenue Service encourages taxpayers to take the time beforehand to gather and organize their tax records to reduce stress. “You can avoid headaches at tax time by keeping track of your receipts and other records throughout the year,” said IRS spokesman Clay Sanford. …
Permanent link to this article: http://www.easttexasreview.com/good-records-makes-tax-time-easier/