tax records
IRS keeps these
Tax records are documents showing taxes owed, paid, or reported to government authorities.
For individuals, these include filed returns, W-2s, receipts for deductions, and payment confirmations.
For businesses, they encompass payroll records, sales tax filings, and corporate returns.
Tax records must typically be retained for several years in case of audit: The IRS recommends keeping tax records for at least three years.
- accountantFinancial records keeper
- auditorFinancial records examiner
- taxpayerOne who owes government duties
- bookkeeperFinancial records maintainer
- amended returnRevised tax document submission
W-2 form · recordkeeping · filing cabinet · shoe box · paper trail · Schedule C · 1099 form · bank statements · income verification · compliance · estate planning · audit report · certified mail · withholding · quarterly payments · legal documentation · IRS · land deeds
- economic recordsaccount books, ledgers, financial statements, receipts, invoices
- historical recordsdiary, census record, annual reviews, letter, census data
- public informationnews, weather, census data, crime statistics, government reports
- recordsworld record, record, Guinness, documents, album
- corporate recordsannual reports, meeting minutes, contracts, board minutes, bylaws
- official recordsbirth certificate, government documents, birth certificates, death certificate, death certificates
tax recordsunreported income
Money not disclosed officially
hidden assets · cooked books · Swiss bank accounts · offshore accounts · tax evasion
tax recordscash economy
Commerce using physical currency
unreported income · shadow economy · illicit funds · mattress money