An important part of tax planning is recordkeeping. Although we seem to focus on documents/records at tax time, good records should be maintained throughout the year. A good recordkeeping system can make it easier when it comes to filing a tax return, but it also helps you address any communication ...

Unless you filed an extension, tax filing season is finally over. Now the question is how long to keep the return, and the documentation relied upon to prepare it. The law requires you to keep returns and records which show whether or not you are liable for a tax for as long as they are material [&...