How long to keep various tax records
This question is a top ten question asked by my clients and the answer is a rather lengthy one.
If you've ever been in an IRS audit, you already know the painful truth. For those of you who haven't been then read on my website under my tax center tab to locate the answer.
What's the benefit of keeping the records instead of throwing them away? Well, do you want the deduction or not? If you want to be able to keep your reported deduction then you'd better have kept the appropriate support which is listed on my website for your benefit.
It's definitely worth it to follow the record retention rules.
I am a CPA in San Antonio and provide bookkeeping, payroll, taxes and more. We offer a free initial visit and look forward to serving your business needs.
Richard J. Garcia | 10/02/2011