C and M Companies Inc
Reno, Nevada USA
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IRS Record Keeping Video

Written by Charley Blewett

Published: November 17, 2020

Updated:
Nov 17, 2020

Accounting

Good Recordkeeping Helps Avoid Headaches at Tax Time

This video has been removed from the IRS website – IRS Short Video on Keeping Records for Taxes

Small business owners are responsible for maintaining the company records. Keeping the financial and employment-withholding records for 4 or more years may be necessary depending on your circumstances. Always check with your tax adviser for specifics to your circumstances.

IRS Publication 583 – Starting a Business and Keeping Records – contains useful business startup information. The section about record keeping starts on page 11. It includes info on paper/hard-copy records as well as electronic records.

IRS Forms to be filed

IRS publication 583 table-2
Stick figure scratching head with quizzical look on face.

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