Remove Bad Debt Remove Deductions Remove Insurance Companies Related Topics
article thumbnail

How Long to Keep Business Tax Records

Fundera

The IRS requires you to keep records that support the income you received and the deductions that you take. So if you claim a deduction for a training course or a client lunch, the IRS wants you to keep the details of that—they may come asking about it later. . or bad debt deduction. How long to keep it.