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Tax Return Filed? Now Consider Your Records


If you just finished your tax return filings the last thing you want to do is look at them again. But now is the perfect time and it pays dividends.

If you’ve ever tried to tell the IRS “I lost my receipt” you don’t want to do it a second time. The IRS has heard every excuse in the book.

In cases of natural disasters traditional record-keeping can go haywire. The IRS suggests creating a backup set of records stored away from the originals. Another idea is to document valuables by photographs or videos.

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From → tax return