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KXLY
January 22, 2021 3:33 AM newsfeedback@fool.com (Christy Bieber)
Posted:
Updated:
January 24, 2021 7:22 AM
When you file your taxes, you generate a lot of paperwork. In addition to the actual forms you submit to the IRS, you may also have receipts and statements backing up the deductions and credits you claim and proving how much income you earned.
Holding onto all of these documents can be a hassle, but it’s important in case the IRS has questions about your return in the future. After all, you don’t want to be unable to prove the amount you earned or your eligibility for deductions if the IRS audits you.
Channel3000.com
January 22, 2021 5:33 AM newsfeedback@fool.com (Christy Bieber)
Posted:
Updated:
January 24, 2021 9:20 AM
When you file your taxes, you generate a lot of paperwork. In addition to the actual forms you submit to the IRS, you may also have receipts and statements backing up the deductions and credits you claim and proving how much income you earned.
Holding onto all of these documents can be a hassle, but it’s important in case the IRS has questions about your return in the future. After all, you don’t want to be unable to prove the amount you earned or your eligibility for deductions if the IRS audits you.