Comments on: Warning! Your Tax Information May be Vulnerable to Identity Theft http://moneysmartlife.com/warning-your-tax-information-may-be-vulnerable-to-identity-theft/ Money Tips for a Better Life Fri, 10 Feb 2012 18:59:59 +0000 hourly 1 http://wordpress.org/?v=3.3 By: yl http://moneysmartlife.com/warning-your-tax-information-may-be-vulnerable-to-identity-theft/comment-page-1/#comment-55912 yl Fri, 01 Feb 2008 02:34:52 +0000 http://www.moneysmartlife.com/warning-your-tax-information-may-be-vulnerable-to-identity-theft/#comment-55912 I scan in all my data. I live in a small apartment in a metropolitan area, so disk space for me is much cheaper than actual physical space. If you opt to receive electronic statements, you won't even have to scan them in. I've checked with my accountant and they said that although paper documents were best, the IRS accepts printouts of electronic statements these days for documentation. Also, this way you can back up your data and store it in a second location, like a safe deposit box or storage locker. If your home is burgled or destroyed (heavens forbid) you will still have access to your important documents. I scan in all my data. I live in a small apartment in a metropolitan area, so disk space for me is much cheaper than actual physical space. If you opt to receive electronic statements, you won’t even have to scan them in.

I’ve checked with my accountant and they said that although paper documents were best, the IRS accepts printouts of electronic statements these days for documentation.

Also, this way you can back up your data and store it in a second location, like a safe deposit box or storage locker. If your home is burgled or destroyed (heavens forbid) you will still have access to your important documents.

]]> By: Carnival of Personal Finance #92 http://moneysmartlife.com/warning-your-tax-information-may-be-vulnerable-to-identity-theft/comment-page-1/#comment-1687 Carnival of Personal Finance #92 Mon, 19 Mar 2007 13:32:36 +0000 http://www.moneysmartlife.com/warning-your-tax-information-may-be-vulnerable-to-identity-theft/#comment-1687 [...] This is news to me, but Money Smart Life writes that photocopiers may be tools for identity theft. I think I might still take the risk or photocopy things at work. It’s a calculated risk I’m willing to make. [...] [...] This is news to me, but Money Smart Life writes that photocopiers may be tools for identity theft. I think I might still take the risk or photocopy things at work. It’s a calculated risk I’m willing to make. [...]

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