Electronic records - irs position

[TAXNJ]

Here you go. If your client uses Accounting software to maintain their records. Will citing the 4th or budget cuts work?

http://www.irs.gov/Businesses/Small-...ns-and-Answers

[RightOn]

Here you go. Will citing the 4th or budget cuts work?

http://www.irs.gov/Businesses/Small-...ns-and-Answers

What about if the business being audited does not use a computerized system for bookkeeping?

A lot of mom and pop businesses report the income based on their cash register and total up the categorized expenses from the canceled checks. What will happen if they do not have an electronic record to provide to the IRS?

[TAXNJ]

Serious ?

What about if the business being audited does not use a computerized system for bookkeeping?

A lot of mom and pop businesses report the income based on their cash register and total up the categorized expenses from the canceled checks. What will happen if they do not have an electronic record to provide to the IRS?

Seriously? Probably keep doing what you advised them for required record keeping.

It is not required to keep records in an electronic, digital, computer format rather the link in this post addresses if you do keep the records in such format.