If you think your tax work is done once you file your return, think again. Now you need to file your tax records. Keeping your tax returns and the documents you used to complete them obviously is critical if you’re ever audited. The statute of limitations on IRS audits is a key factor in deciding …
Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or to prepare a response if you receive an IRS notice. Records such as receipts, canceled checks and other documents that support an item of income or a deduction, or a credit appearing on …
The official opening date for filing your 2015 tax return is Tuesday, January 19, 2016.
