{"id":463,"date":"2011-05-30T09:37:06","date_gmt":"2011-05-30T14:37:06","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=463"},"modified":"2011-05-30T09:37:06","modified_gmt":"2011-05-30T14:37:06","slug":"tips-for-managing-your-tax-records","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=463","title":{"rendered":"Tips for Managing Your Tax Records"},"content":{"rendered":"

After you file your taxes, you will have many records that may help document items on your tax return. You will need these documents should the IRS select your return for examination. Here are five tips from the IRS about keeping good records.<\/p>\n

    \n
  1. Normally, tax records should be kept for three years.<\/li>\n
  2. Some documents \u2014 such as records relating to a home purchase or sale, stock transactions, IRA and business or
    \nrental property \u2014 should be kept longer.<\/li>\n
  3. In most cases, the IRS does not require you to keep records in any special manner. Generally speaking, however,
    \nyou should keep any and all documents that may have an impact on your federal
    \ntax return.<\/li>\n
  4. Records you should keep include bills, credit card and other receipts, invoices, mileage logs, canceled, imaged
    \nor substitute checks, proofs of payment, and any other records to support deductions or credits you claim on your return.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    After you file your taxes, you will have many records that may help document items on your tax return. You will need these documents should the IRS select your return for examination. Here are five tips from the IRS about … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,3],"tags":[],"class_list":["post-463","post","type-post","status-publish","format-standard","hentry","category-individual","category-taxation"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=463"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/463\/revisions"}],"predecessor-version":[{"id":464,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/463\/revisions\/464"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}