The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>Other - Business & Finance

If u use internet banking and opt out of paper statements, do u still have to keep physical records for 7 yrs?

If u use internet banking and opt out of paper statements, do u still have to keep physical records for 7 yrs?

I do, I download my statements, and save them to an disk. you never know when you need them.

I don't know I don't bank online I think that is bad business, but I think that if you did that it would be good to keep some kind of hard copy of what you did? You might wouldn't have to?

your virtual records will suffice. if you need to print or have a hard copy of anything that is still possible. No you do not have to also maintain a physical copy.

The bank probably *won't* keep them online for 7 years.

If you are self-employed, you definitely need to keep the records that long in the event of an audit.

If you are a wage-slave and have very simple taxes, 4 years is enough.

Tags
　　Cincinnati 　　Chicago 　　Boston 　　Austin 　　Atlanta 　　Other - Business & Finance 　　Other Taxes 　　United States Taxes 　　United Kingdom Taxes 　　Spain Taxes 　　Singapore Taxes
Related information
  • I need some help with International Postal Money Order and Register Mail to Japan In Malaysia ?

    You can do both of these things at the Post Office. You can buy international MO and do your registered mail there at the same time too. Just make sure these places that you are sending money to ...

  • How long should sellers give people to pay for eBay items during this holiday week?

    Usually sellers state when they expect to get paid. Usually 7 days from the end of auction. Some state they want payment immediately. I'm assuming you don't mention this in your auction. ...

  • Research/business ethics?

    Well, you mention what you signed. That is what is legal, not what is ethical. My company has the same issue when we do consulting work. We do work at one company and it provides raw material f...

  • How does a COMPANY get stock market symbols?

    They must request an IPO (initial public offering) with both the exchange they want to be traded under (NYSE, NASDAQ, Chicago, etc.) and with the U.S. Government's SEC (security exchange commi...

  • Which is good course CUSTOM, TOURISM or HRM(hotel and restaurany manage.)?

    Here are some Courses for Travel and Tourism: ...

  • Which is good course CUSTOM, TOURISM or HRM(hotel and restaurant manage.)?

    I think you might like Custom if its about foreign customs and the way they deal with certain issues and daily habits. Its actually quite interesting. I've gone to Germany before, living in NJ...

  • Ups Shipping Price?

    Its best to visit the UPS website ...

  • What are the effects of the death of benezir butu on international business screen?

    The assassination of former Pakistani Prime Minister Benazir Bhutto has dealt a severe blow to U.S. efforts to restore stability and democracy in a turbulent, nuclear-armed Islamic nation that has ...

    • 　

    Commerce Categories--Copyright/IP Policy--Contact Webmaster