Electronically storing business records

Electronically storing business records

"lawilson"	7/4/2004 2:18:58 AM
I've read the IRS document 97-22 regarding electronic storage. I want to make sure I am doing this correctly. I plan on using Adobe PDF to store: payroll stubs (personal), business receipts, invoices, etc. I currently use a money program (MS Money) to maintain my accounts, and from what I read that is fine vs using paper ledgers, etc. I need to know exactly what I can store electronically. For example, I have many business receipts from stores, etc that I'd rather store to a PDF and get rid of the paperwork. Then I would store the PDFs to CD's. Would this be acceptable to the IRS? If someone can give me some intelligent feedback on this based upon experience/knowledge I would appreciate it.



Keith	7/3/2004 8:00:00 PM
On Sun, 04 Jul 2004 02:18:58 GMT, "lawilson" <nospam@lawilson.com> wrote: I've read the IRS document 97-22 regarding electronic storage. I want to make sure I am doing this correctly. I plan on using Adobe PDF to store: payroll stubs (personal), business receipts, invoices, etc. Another item to check regarding electronic storage of tax records are State, City, County and other local laws. -- Best Regards, Keith http://kilowatt-radio.org/ NW Oregon Radio Page

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