Suppose you get a letter from the IRS, asking for information about your taxable income from two years ago? Would you know where to find your tax documents, including your tax returns, W-2 forms, 1099 forms, and business-related receipts? Unfortunately, many people throw these valuable documents away too early, complicating their tax audit strategies.
In this article, the experienced tax professionals at S.H. Block Tax Services explain why you need to hang onto your records, where you should store them to keep them secure, and when to keep them longer. Read more