Originally Posted by MarinaVanessa:
This one is for both Daycare and CountryKids:
This is off of that website that BlackCat linked:
"If you scan your receipts, do you still need to save the hard copy for three years? No."
So now I'm confused lol. Maybe it's better to just keep the paper copies too.
I am guessing that the original quote I posted by Tom as well as his original blog entry about fading receipts had info from 2010 and now two years later he has more knowledge and understanding of what scanning receipts means for the IRS and in the last blog entry he stated we didn't have to save them for 3 years so I would go with that statement.
Plus right below that he says "IRS Revenue Procedure 97-22 says you can throw away records after you have scanned them into your computer. You will need to be able to produce your scanned records at an audit. I recommend saving your scanned records on a flash drive and storing your flash drive in a safe place (such as a safe deposit box)."