CSPAN3 Hearing Explores IRS Record Retention Policies July 26, 2017
Million tax returns. Among them are individuals, Small Businesses like my own, who must retain their tax records in case the irs ever wants to review them. The irs must also identify retained records to define lengths of time in accordance with the federal requirements. These records may later be needed to respond to requests from congress, private citizens, or those bringing suits against the irs. All of these parties have a right to ask the irs to produce complete records and the irs has a responsibility to provide those records. However, tgif found that the irs policies do not comply totall...