Which records should you keep? You should keep information that you and the IRS need to determine your correct tax. Everyone should keep the following records.
Copies of tax returns. Keep copies of your tax returns as part of your tax records.
• Your tax returns can help you prepare future returns and amended returns.
• After you die, copies of your tax returns and other records can be helpful to your survivors or the executor or administrator of your estate.
Proof of income and expenses. Listed below are examples of income and expense documents you should keep. The list is not all inclusive. Read the article Recordkeeping for Tax Purposes here
Any accounting, business or tax advice contained in the Tax E Man Blog or http://www.PatTax.net, including attachments, links and enclosures, are not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax related penalties.
If desired, Pat Tax, Inc. would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired.
The Tax E Man Blog, along with our website http://www.PatTax.net, are designed to be year round resources for tax consultation, preparation and representation services provided by Pat Tax, Inc. . Please feel free to contact us with any questions or concerns.
Services We Provide Include
- Income Tax Preparation for individuals and small businesses
- Electronic filing of all Federal and State returns with direct deposit of refunds
- Scheduled electronic payment of balance due
- Income Tax Consulting
- IRS Tax Representation
- Unified Tax Returns
- Amended Tax Returns
“Empowering clients thru education, a stress free transaction and an excellent service experience.”
Tax E Man Blog 