Here are five tips from the IRS to help you protect your important records:
- Backup Records Electronically. Keep an
extra set of electronic records in a safe place away from where you
store the originals. You can use an external hard drive, CD or DVD to
store the most important records. You can take these with you to keep
your copies safe. You may want to store items such as bank statements,
tax returns and insurance policies.
- Document Valuables. Take pictures or videotape the contents
of your home or place of business. These may help you prove the value of
your lost items for insurance claims and casualty loss deductions.
Publication 584, Casualty, Disaster and Theft Loss Workbook, can help
you determine your loss if a disaster strikes.
- Update Emergency Plans. Review your emergency plans every year. You may need to update them if your personal or business situation changes.
- Get Copies of Tax Returns or Transcripts. Visit IRS.gov to
get Form 4506, Request for Copy of Tax Return, to replace lost or
destroyed tax returns. If you just need information from your return,
you can order a transcript online.
- Count on the IRS. The IRS has a Disaster
Hotline to help people with tax issues after a disaster. Call the IRS at
1-866-562-5227 to speak with a specialist trained to handle
disaster-related tax issues.
IRS Circular 230 Disclosure
Pursuant to the requirements of the Internal Revenue Service Circular 230, we inform you that, to the extent any advice relating to a Federal tax issue is contained in this communication, including in any attachments, it was not written or intended to be used, and cannot be used, for the purpose of (a) avoiding any tax related penalties that may be imposed on you or any other person under the Internal Revenue Code, or (b) promoting, marketing or recommending to another person any transaction or matter addressed in this communication
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