Gathering together all of the records you need to prepare a tax return can be very tedious. However, it is essential that you gather the right information so that your return can be prepared properly. Maintaining records is critical so you'll be prepared if ever selected for an audit. Because good recordkeeping is your first line of defense against many penalties we would like to offer a few helpful hints.
If the end of your tax year was in December then the time to file your 1120 or 1120S Form is only a month away so don’t delay!