We have discussed in the past how long you should maintain your tax records. However it is also important to make sure that the records are safe. In the event of a fire, flood, tornado or other disaster, you need to keep your records available. The IRS recommends: Electronic Records Many bank and financial statements are available through your account on your bank’s website. These records are securely stored. But you can also scan records yourself onto an electronic format. C

Today I would like to pass along a couple of important and timely reminders. 1. Don’t forget, Monday, June 15th is the due date for federal individual tax estimates. 2. Here’s a popular question I get from quite a few clients – should they put their social security number on their check when they pay any tax due with their return or when paying their quarterly estimates? The answer - no. While the IRS says you should, I recommend never doing that. With tax identity theft beco

Identity theft continues to be a very large problem. Even the Internal Revenue Service has been hacked. The IRS said their Get Transcript Online service was hacked. Hackers obtained past tax return data of 104,000 people and also attempted to access the data of over 200,000 people. The IRS has a multi-step authentication process to make it difficult for hackers, but hackers had enough information from an outside source to clear that process. The information they obtained from