As this year’s hurricane season starts, the IRS is reminding individuals and businesses to safeguard their records against natural disasters.
Taxpayers should keep a set of backup records in a safe place and away from the original set, the service recommends. Keeping a backup set of records including such documents as bank statements, returns and insurance policies is easier now that many financial institutions provide statements electronically and much financial information is available on the Internet. Original records on paper should be scanned into an electronic format.
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