Written by attorney Christopher R. Minelli

Keeping Records for the IRS: Individuals and Small Businesses

Generally, the IRS does not require any records to be kept, provided the taxpayer can truthfully certify on their income tax returns that the information provided is full, accurate, and complete to the best of their knowledge. This comes as a surprise for many people. From a pragmatic standpoint, it is good policy for either an individual or a business to keep complete and functionally useful records.

Additional resources provided by the author

Internal Revenue Service,; Pub. 552, Recordkeeping for Individuals; Pub. 583, Starting a Business and Keeping Records; Pub. 334, Tax Guide for Small Business; Pub. 17, Your Federal Income Tax.

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