{"id":3811,"date":"2016-09-07T08:00:18","date_gmt":"2016-09-07T13:00:18","guid":{"rendered":"http:\/\/taxprocenter.proconnect.intuit.com\/?p=3811"},"modified":"2016-09-07T08:00:21","modified_gmt":"2016-09-07T13:00:21","slug":"why-good-recordkeeping-is-important","status":"publish","type":"post","link":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/why-good-recordkeeping-is-important\/","title":{"rendered":"Why Good Recordkeeping is Important"},"content":{"rendered":"<p>When it comes to keeping their businesses organized, most tax professionals tell me they have two kinds of clients: those who keep meticulous, by-the-book records, and those who are disorganized and have no idea what records, if any, to keep.<\/p>\n<p>Of course, the more organized client is the preferred client, but even the ones who <em>are <\/em>organized may not know how long to keep their records and documents. Encouraging your clients to maintain organized tax records offers a more efficient way to help you prepare their returns and address any IRS inquiries about the return.<\/p>\n<p><strong>Guidance for Your Clients<\/strong><\/p>\n<p>After the tax return is filed, the period of limitations depends on the situation:<\/p>\n<ul>\n<li>Taxpayers who filed a non-fraudulent return that correctly reported all income should keep the records for three years.<\/li>\n<li>Records should be kept for six years if the taxpayer failed to report the income and that income represents more than 25 percent of gross income shown on the return.<\/li>\n<li>For non-filed or fraudulent returns, the taxpayer should keep the records forever.<\/li>\n<\/ul>\n<p>The following records should be retained by individual taxpayers for at least three years:<\/p>\n<ul>\n<li>Bills, credit card and other receipts, and invoices<\/li>\n<li>Mileage logs<\/li>\n<li>Canceled, imaged or substitute checks, or any other proof of payment<\/li>\n<li>Other records that support deductions or credits<\/li>\n<\/ul>\n<p>Records relating to property should be retained for at least three years after the property is sold or disposed. Examples include:<\/p>\n<ul>\n<li>Homes and improvements<\/li>\n<li>Stocks and investments<\/li>\n<li>IRA transactions<\/li>\n<li>Rental property<\/li>\n<\/ul>\n<p>Small business owners must keep all employment tax records for at least four years. The following documents should be retained by the small business owner:<\/p>\n<ul>\n<li>Gross receipts: cash register tapes, bank deposit slips, receipt books, invoices, credit card charge slips, and Forms 1099-MISC and 1099-K.<\/li>\n<li>Proof of purchases: canceled checks, cash register tape receipts, credit card sales slips, invoices, account statements and petty cash slips.<\/li>\n<li>Documents to verify assets: purchase and sale invoices, real estate closing statements, and canceled checks.<\/li>\n<\/ul>\n<p>For more information, visit this <a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/how-long-should-i-keep-records\" target=\"_blank\" data-wa-link=\"body_irs-records\" target=\"_blank\">IRS webpage<\/a> on record retention guidelines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to keeping their businesses organized, most tax professionals tell me they have two kinds of clients: those who keep meticulous, by-the-book records, and those who are disorganized and have no idea what records, if any, to keep. Of course, the more organized client is the preferred client, but even the ones who<\/p>\n","protected":false},"author":107082828,"featured_media":3812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rkv_browse_by_id":0,"rkv_cta_id":0,"rkv_optimize_for_pagespeed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"useModifiedDate":false,"customPublishDate":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[116807],"tags":[],"intuit_collection":[],"intuit_series":[],"coauthors":[509474105],"class_list":["post-3811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-practice-management"],"header_image":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why Good Recordkeeping is Important - Tax Pro Center | Intuit<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/why-good-recordkeeping-is-important\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Good Recordkeeping is Important - Tax Pro Center | Intuit\" \/>\n<meta property=\"og:description\" content=\"When it comes to keeping their businesses organized, most tax professionals tell me they have two kinds of clients: those who keep meticulous, by-the-book records, and those who are disorganized and have no idea what records, if any, to keep. Of course, the more organized client is the preferred client, but even the ones who\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/\" \/>\n<meta property=\"og:site_name\" content=\"Tax Pro Center | Intuit\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/IntuitAccountants\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-07T13:00:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-09-07T13:00:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mike D&#039;Avolio, CPA, JD\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:site\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mike D&#039;Avolio, CPA, JD\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/\"},\"author\":{\"name\":\"Mike D'Avolio, CPA, JD\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/b0227975128a9f59785bcf23298e81e0\"},\"headline\":\"Why Good Recordkeeping is Important\",\"datePublished\":\"2016-09-07T13:00:18+00:00\",\"dateModified\":\"2016-09-07T13:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/\"},\"wordCount\":341,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/records-e1508456951672.jpg\",\"articleSection\":[\"Practice Management\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/\",\"name\":\"Why Good Recordkeeping is Important - Tax Pro Center | Intuit\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/records-e1508456951672.jpg\",\"datePublished\":\"2016-09-07T13:00:18+00:00\",\"dateModified\":\"2016-09-07T13:00:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/#primaryimage\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/records-e1508456951672.jpg\",\"contentUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/records-e1508456951672.jpg\",\"width\":700,\"height\":399,\"caption\":\"Recordkeeping\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/practice-management\\\/why-good-recordkeeping-is-important\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Good Recordkeeping is Important\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"name\":\"Tax Pro Center | Intuit\",\"description\":\"Tax Pro Center\",\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\",\"name\":\"Tax Pro Center | Intuit\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"contentUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"width\":872,\"height\":160,\"caption\":\"Tax Pro Center | Intuit\"},\"image\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/IntuitAccountants\",\"https:\\\/\\\/x.com\\\/IntuitAccts\",\"https:\\\/\\\/www.instagram.com\\\/intuitaccountants\\\/?hl=en\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/intuit-accountants\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/b0227975128a9f59785bcf23298e81e0\",\"name\":\"Mike D'Avolio, CPA, JD\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f3ceed50af8b58942045dd987b8023288c4219a90fca3380a078d0c5500f723f?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f3ceed50af8b58942045dd987b8023288c4219a90fca3380a078d0c5500f723f?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f3ceed50af8b58942045dd987b8023288c4219a90fca3380a078d0c5500f723f?s=96&d=identicon&r=g\",\"caption\":\"Mike D'Avolio, CPA, JD\"},\"description\":\"Mike D\u2019Avolio, CPA, JD, is a tax law specialist for Intuit\u00ae ProConnect\u2122 Group, where he has worked since 1987. He monitors legislative and regulatory activity, serves as a government liaison, circulates information to employees and customers, analyzes and tests software, trains employees and customers, and serves as a public relations representative.\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/author\\\/taxpro18\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why Good Recordkeeping is Important - Tax Pro Center | Intuit","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/why-good-recordkeeping-is-important\/","og_locale":"en_US","og_type":"article","og_title":"Why Good Recordkeeping is Important - Tax Pro Center | Intuit","og_description":"When it comes to keeping their businesses organized, most tax professionals tell me they have two kinds of clients: those who keep meticulous, by-the-book records, and those who are disorganized and have no idea what records, if any, to keep. Of course, the more organized client is the preferred client, but even the ones who","og_url":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/","og_site_name":"Tax Pro Center | Intuit","article_publisher":"https:\/\/www.facebook.com\/IntuitAccountants","article_published_time":"2016-09-07T13:00:18+00:00","article_modified_time":"2016-09-07T13:00:21+00:00","og_image":[{"width":700,"height":399,"url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg","type":"image\/jpeg"}],"author":"Mike D'Avolio, CPA, JD","twitter_card":"summary_large_image","twitter_creator":"@IntuitAccts","twitter_site":"@IntuitAccts","twitter_misc":{"Written by":"Mike D'Avolio, CPA, JD","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/#article","isPartOf":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/"},"author":{"name":"Mike D'Avolio, CPA, JD","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/b0227975128a9f59785bcf23298e81e0"},"headline":"Why Good Recordkeeping is Important","datePublished":"2016-09-07T13:00:18+00:00","dateModified":"2016-09-07T13:00:21+00:00","mainEntityOfPage":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/"},"wordCount":341,"commentCount":0,"publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"image":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/#primaryimage"},"thumbnailUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg","articleSection":["Practice Management"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/","url":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/","name":"Why Good Recordkeeping is Important - Tax Pro Center | Intuit","isPartOf":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website"},"primaryImageOfPage":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/#primaryimage"},"image":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/#primaryimage"},"thumbnailUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg","datePublished":"2016-09-07T13:00:18+00:00","dateModified":"2016-09-07T13:00:21+00:00","breadcrumb":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/#primaryimage","url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg","contentUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg","width":700,"height":399,"caption":"Recordkeeping"},{"@type":"BreadcrumbList","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/practice-management\/why-good-recordkeeping-is-important\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxprocenter.proconnect.intuit.com\/"},{"@type":"ListItem","position":2,"name":"Why Good Recordkeeping is Important"}]},{"@type":"WebSite","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","name":"Tax Pro Center | Intuit","description":"Tax Pro Center","publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/accountants.intuit.com\/taxprocenter\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization","name":"Tax Pro Center | Intuit","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/","url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","contentUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","width":872,"height":160,"caption":"Tax Pro Center | Intuit"},"image":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/IntuitAccountants","https:\/\/x.com\/IntuitAccts","https:\/\/www.instagram.com\/intuitaccountants\/?hl=en","https:\/\/www.linkedin.com\/company\/intuit-accountants\/"]},{"@type":"Person","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/b0227975128a9f59785bcf23298e81e0","name":"Mike D'Avolio, CPA, JD","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f3ceed50af8b58942045dd987b8023288c4219a90fca3380a078d0c5500f723f?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f3ceed50af8b58942045dd987b8023288c4219a90fca3380a078d0c5500f723f?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f3ceed50af8b58942045dd987b8023288c4219a90fca3380a078d0c5500f723f?s=96&d=identicon&r=g","caption":"Mike D'Avolio, CPA, JD"},"description":"Mike D\u2019Avolio, CPA, JD, is a tax law specialist for Intuit\u00ae ProConnect\u2122 Group, where he has worked since 1987. He monitors legislative and regulatory activity, serves as a government liaison, circulates information to employees and customers, analyzes and tests software, trains employees and customers, and serves as a public relations representative.","url":"https:\/\/accountants.intuit.com\/taxprocenter\/author\/taxpro18\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg","jetpack_shortlink":"https:\/\/wp.me\/pazjGh-Zt","jetpack-related-posts":[{"id":5470,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/irs-guidelines-on-retention-of-tax-records\/","url_meta":{"origin":3811,"position":0},"title":"IRS Guidelines on Retention of Tax Records","author":"Intuit Accountants Team","date":"December 9, 2016","format":false,"excerpt":"The end of the year is a good time to help your clients determine what records they need to keep from previous years, and what they need to produce for tax year 2016. As part of its tax preparedness series, the IRS recently issued one of its bulletins, \u201cTax Records\u2026","rel":"","context":"In &quot;Practice Management&quot;","block_context":{"text":"Practice Management","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/practice-management\/"},"img":{"alt_text":"U.S. Income Tax Return forms","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/10\/forms1-e1556738932627.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/10\/forms1-e1556738932627.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/10\/forms1-e1556738932627.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":28825,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/what-happens-when-clients-receive-irs-letters\/","url_meta":{"origin":3811,"position":1},"title":"What happens when clients receive IRS letters","author":"Intuit Accountants Team","date":"May 30, 2023","format":false,"excerpt":"Get helpful advice to help your clients respond to letters they get from the IRS, and check out Protection Plus.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Taxpayer IRS Letters","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/04\/Taxpayer-IRS-Letters.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/04\/Taxpayer-IRS-Letters.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/04\/Taxpayer-IRS-Letters.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/04\/Taxpayer-IRS-Letters.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":23702,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/client-relationships\/ensure-your-clients-have-a-financial-safety-net-if-a-disaster-strikes\/","url_meta":{"origin":3811,"position":2},"title":"Ensure your clients have a financial safety net if a disaster strikes","author":"Intuit Accountants Team","date":"August 27, 2021","format":false,"excerpt":"Make sure your clients are prepared if a disaster strikes; many forget to be \"financially prepared.\"","rel":"","context":"In &quot;Client Relationships&quot;","block_context":{"text":"Client Relationships","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/client-relationships\/"},"img":{"alt_text":"Prepare for a Disaster","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2021\/08\/Prepare-for-a-Disaster.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2021\/08\/Prepare-for-a-Disaster.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2021\/08\/Prepare-for-a-Disaster.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2021\/08\/Prepare-for-a-Disaster.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":1121,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/getting-your-clients-tax-data-in-order\/","url_meta":{"origin":3811,"position":3},"title":"Getting Your Clients Tax Data in Order","author":"Dorinda DeScherer","date":"January 4, 2016","format":false,"excerpt":"Your office is probably geared up and ready for tax return season. Your tax software is installed and ready to go. Your tax pros are up to speed on the latest tax developments. However, there\u2019s one thing still missing \u2013 that all-important tax data that will allow you to prepare\u2026","rel":"","context":"In &quot;Practice Management&quot;","block_context":{"text":"Practice Management","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/practice-management\/"},"img":{"alt_text":"U.S. Income Tax Return forms","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/10\/forms1-e1556738932627.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/10\/forms1-e1556738932627.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/10\/forms1-e1556738932627.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":14052,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/on-the-record-getting-your-clients-tax-data-in-order\/","url_meta":{"origin":3811,"position":4},"title":"On the Record: Getting Your Clients\u2019 Tax Data in Order","author":"Intuit Accountants Team","date":"December 7, 2018","format":false,"excerpt":"This article provides a quick snapshot on the tax records that will be needed to substantiate the amounts reported on the 2018 tax return.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Recordkeeping","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/09\/records-e1508456951672.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":26448,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/tax-concerns-for-clients-who-close-their-businesses\/","url_meta":{"origin":3811,"position":5},"title":"Tax concerns for clients who close their businesses","author":"Intuit Accountants Team","date":"September 26, 2022","format":false,"excerpt":"It's never easy when clients have to close their businesses; as your clients' trusted advisor, you can advise them with respect to tax obligations.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/09\/Tax-concerns-for-clients-who-close-their-businesses.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/09\/Tax-concerns-for-clients-who-close-their-businesses.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/09\/Tax-concerns-for-clients-who-close-their-businesses.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/09\/Tax-concerns-for-clients-who-close-their-businesses.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/3811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/users\/107082828"}],"replies":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/comments?post=3811"}],"version-history":[{"count":4,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/3811\/revisions"}],"predecessor-version":[{"id":3820,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/3811\/revisions\/3820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media\/3812"}],"wp:attachment":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media?parent=3811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/categories?post=3811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/tags?post=3811"},{"taxonomy":"intuit_collection","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_collection?post=3811"},{"taxonomy":"intuit_series","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_series?post=3811"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/coauthors?post=3811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}