How should I keep records for tax deductions?
An example of an AI chatbot conversation about record-keeping for tax deductions.
How should I keep records for tax deductions?
To maximize your tax deductions, keep organized records of all your expenses, receipts, and relevant documents.
What specific documents do I need to keep?
You should keep receipts for business expenses, invoices, bank statements, and any other documents that support your deductions.
How long should I keep these records?
Generally, it's recommended to keep tax records for at least three years after filing your tax return.
Are there any digital tools you recommend for record-keeping?
Yes, tools like QuickBooks, Expensify, and Google Drive can help you organize and store your records efficiently.
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