Wilkins Miller home page

“Four years ago, The Drug Education Council engaged Wilkins Miller to perform an annual audit of our financial statements and Federal awards programs and to prepare our 990. Everyone at Wilkins Miller has shown a sincere interest in The Drug Education Council and the people at Wilkins Miller have listened to our needs. The knowledgeable, professional and responsive people at Wilkins Miller have worked closely with the Drug Education Council to improve our accounting and reporting processes and we have greatly benefited from the relationship. I would highly recommend Wilkins Miller to anyone.”

Virginia Guy
Drug Education Council
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.