is google drive secure to store tax records

#Is google drive secure to store tax records how to#

Since the IRS has three years, and in some cases up to six years, to audit you, keeping the records for this long protects you. How Long Should You Keep Tax Records?Ĭonventional wisdom says that taxpayers should keep their relevant tax records for at least seven years. The agency will send them to you so that you can keep your hard copies on file again. What about any paper copies of tax returns that you lose in a fire or a disaster? You can contact the IRS to request paper copies of your filed returns. You might also consider backing them up with a cloud storage provider, which keeps your information safe in case something happens to your home or computer. What can you do to protect your tax records during a natural disaster? If you're backing up your tax records on a regular basis, you can simply save them to a portable flash drive and then take them with you if you have to evacuate.

#Is google drive secure to store tax records how to#

How to Protect Tax Records during a Disaster This will give you a simple way to separate your tax years, if you only need specific records later on. It's a good idea to keep the relevant receipts with the tax return to which they apply. You can save copies of your return on your computer's hard drive, then back them up regularly to keep from 'losing' them in a system crash.Īlong with your tax returns, you should also keep your backup documentation, especially if you claim lots of tax deductions that need support, such as claiming business expenses or depreciation. This may still be fine in some cases, but storing tax returns digitally is far better for maintaining security. The old way to store tax records was to keep paper copies of tax returns in a filing cabinet. With some storage options, you'll be able to keep your information protected, even if your home or computer suffers serious damage. The key is understanding what your tax record storage options are and which ones are the best for your particular situation. Technology has made it easier than ever to store tax records securely.