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The time now is 05/11/13 - 19:33

Must I keep documentation for tax purposes?


RealCool.BIZ Forum Index -> Tax -> Tax Planning / Exemption Investigations

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helyn
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Joined: 11 Jun 2007
Posts: 9



PostPosted: 07/01/09 - 10:14    Post subject: Reply with quote

Recently I’ve realized that I have lost a significant part of my documentation from one specific period. I knew that its location is under question mark, I was just not sure... Must I keep documentation for tax purposes? My friends frightened me and now I’m totally worried and I don’t know what to do. This thing became a real stressful situation for me.
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erick
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Joined: 24 Feb 2007
Posts: 5



PostPosted: 07/31/09 - 02:54    Post subject: Reply with quote

You probably shouldn’t be that worried; it is not a big deal, even though I believe that you must keep your documentation on safe place, in order to have something to hold to, when they come to claim for their fees. This documentation should usually be a tool which is more useful to you than it is to people which are going to worry about charging you taxes, if you have some of them left unpaid, at all...
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