Those of us who live in South Florida know that June 1 means the start of hurricane season. While we are constantly bombarded with reminders of preparedness these only address food, water, medications, etc. What about your important documents.
In the event of a disaster the IRS and other taxing authorities may extend tax return filing or payment deadlines, however, you still need to make sure that your personal and business records are available when the time comes to prepare returns. Record retention is your responsibility.
Technology has made it easier to store and safeguard records which may have been destroyed in the past in paper format. However, the time to take steps to protect these documents comes before disaster strikes. With proper planning you can weather the storm that can hit 365 days a year and whose name never changes…the IRS!
For preparedness tips refer to: