Flash Wrote:
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> As for a "log", you are operating a small business
> and you need to keep some sort of "log" or record
> of work performed and payments received for IRS
> purposes for at least 4 years after you file a tax
> return for the year the money was received. As
> for documentation, each company has specifics
> about how long you need to preserve receipts,
> notes and any collateral materials. I don't
> bother sorting out who wants me to keep what for
> how long but rather just throw each month's stuff
> into a file folder for that month and when the
> stuff is finished even with IRS possible interest,
> then trash it.
Flash...how long do you keep your records? I'm just starting my 5th year of MSing, so I still have everything. Just curious.