Tax Tip #18: What Records does the IRS Require?

What records does the IRS require you keep?  The IRS does not require that you keep your tax records in any particular way.  The only requirement is that your records let you and the IRS determine your correct tax liability.

Keep checks, receipts, and other records that document both your income and deductions you report on your tax return.  Additionnally, keep copies of tax returns permanently.

If you have questions on this, give us a call at 559.924.1225.