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Importance of Good Record keeping in Taxes
Everyone knows you have to keep accurate records when it comes to reporting your taxes. But it is also a pain in the neck to have to keep accumulating receipts, check buds, invoices etc. for years “just in case”. It is not uncommon to fund taxpayers going to see their accountants with a boxful of receipts, bills and other documents. After all, few people will have the patience and tenacity to keep accurate documentary evidence for every expense and income for years and years. The truth is that today’s...
Published By: IRS Tax Blog - Tuesday, 21 February