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"This letter is written to say what a blessing it has been to have Wilkins Miller Hieronymus handle our accounting for the past 30+ years. They have done a first class job and they are a vital part of our group. The staff is great and they have provided quality audits, tax returns, planning, estate work, corporate work and personal accounting. I highly recommend this group."

John White-Spunner
White-Spunner Construction, Inc.
 
Managing Your Tax Records After You Have Filed

Keeping good records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the IRS selects your return for an audit. Here are five tips from the IRS about keeping good records.

1. Normally, tax records should be kept for three years.

2. Some documents such as records relating to a home purchase or sale, stock transactions, IRA and business or rental property should be kept longer.

3. In most cases, the IRS does not require you to keep records in any special manner. Generally speaking, however, you should keep any and all documents that may have an impact on your federal tax return.

4. Records you should keep include bills, credit card and other receipts, invoices, mileage logs, canceled, imaged or substitute checks, proofs of payment, and any other records to support deductions or credits you claim on your return.

5. For more information on what kinds of records to keep, see IRS Publication 552, Recordkeeping for Individuals, which is available by clicking here.