Tax Recordkeeping

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Q & A Fridays with Jason — November 11, 2011

By | November 11th, 2011|Categories: Potpourri of Tax Topics|Tags: , , , , |

It's time for the first of a new weekly series called Q & A Fridays with Jason! DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. --------------- Q:  Is it true that my employer-provided [...]

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What Tax Records to Keep

By | August 27th, 2011|Categories: Small Businesses Taxes|Tags: , |

Determining what types of records should be kept for tax purposes can be confusing.  Here is what the IRS says: In most cases, the IRS does not require you to keep records in any special manner. Generally speaking, however, you should keep any and all documents that may have an impact on your federal tax return: [...]

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How Long to Keep Tax Records

By | August 17th, 2011|Categories: Potpourri of Tax Topics|Tags: , |

If you’re looking to clean out your files this summer, here are some handy guidelines for how long certain files should be kept. Different tax professionals will give different answers for how long you should keep records, and even the guidance from the IRS can be confusing.  In general, I recommend that you keep supporting documents [...]

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