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"...Nine years ago, my firm switched from a national firm to Wilkins Miller to provide an audited financial statement for the company, prepare corporate income tax returns, and prepare two benefit plan audits. I can honestly say that the level of quality of service went up, the price went down, and the timeliness of the products improved. In addition to that, the people with whom we have worked at Wilkins Miller have been a pleasure to get to know, expressing a personal interest in me and my people, on a consistent basis..."

John R. Wilson, Jr.
Mobile Paint Manufacturing Company, 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.