I have been electronically filling my taxes for about 18 years and only been audited once about 7 years ago because I had about $8000. more medical expenses than usual, and most of us know that you have to keep receipts for 7 years since you don't send anything when e filing.
When I got audited I couldn't find my dental receipt so I called the denturist who emailed me a pdf of the receipts which I printed and sent along with all other receipts and it got accepted.
I still keep hard copies of all tax receipts for seven year but all receipts and other important documents and manuals for all equipment that I own are scanned and kept in pdf format on my PC, on usb key and a third copy on a secure FTP server that I can access from anywhere.
A simple word search will bring up the needed document in seconds instead of searching in a cardboard box in the basement.
CRA in Canada is a bit touchy about PDF and scanned documents in Canada
I wonder what the law is with the IRS.........Just curious!
When I got audited I couldn't find my dental receipt so I called the denturist who emailed me a pdf of the receipts which I printed and sent along with all other receipts and it got accepted.
I still keep hard copies of all tax receipts for seven year but all receipts and other important documents and manuals for all equipment that I own are scanned and kept in pdf format on my PC, on usb key and a third copy on a secure FTP server that I can access from anywhere.
A simple word search will bring up the needed document in seconds instead of searching in a cardboard box in the basement.
CRA in Canada is a bit touchy about PDF and scanned documents in Canada
I wonder what the law is with the IRS.........Just curious!
