There are many reasons to be sure that your tax and other financial records are safe and available when you need them. As you prepare and file your tax return, it’s important to have easy access to receipts, the tax forms you receive from employers and other tax-related documents.
There are many other instances, such as applying for a mortgage or other type of loan, when it will also be important to access your tax returns and other financial information. At the same time, you want to be sure that your personal documents remain confidential. With that in mind, the Oklahoma Society of Certified Public Accountants offers this tips on protecting your critical information:
Use IRS resources.
If your critical financial data are lost or destroyed, Internal Revenue Service resources for businesses and individuals can help. Their website includes tips on preparing for disaster and reconstructing your records. If you’re missing past tax returns, use IRS Form 4506 to get a copy from the IRS or call (800) 908-9946.