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Subject Author Date
books & records Benjamin Yazersky CPA 08-11-2008
Posted by Benjamin Yazersky CPA on August 11, 2008, 3:12 pm
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does anyone know of a definition of "books & records"
other than SEC requirements



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<<< Benjamin Yazersky, CPA [NJ & NY] >>>
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Posted by Mark Bole on August 11, 2008, 3:28 pm
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Benjamin Yazersky CPA wrote:
> does anyone know of a definition of "books & records"
> other than SEC requirements

The IRS has Pub 552, "Recordkeeping for Individuals". Not exactly a
"definition", but something to go by.

-Mark Bole

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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Dick Adams on August 11, 2008, 4:00 pm
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> does anyone know of a definition of "books & records"
> other than SEC requirements

No, but a reasonable interpretation would be
a list of receipts and expenses.

Dick

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Mike Wellman on August 11, 2008, 5:51 pm
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On Aug 11, 3:00�pm, rdad...@panix.com (Dick Adams) wrote:
>
> > does anyone know of a definition of "books & records"
> > other than SEC requirements
>
> No, but a reasonable interpretation would be
> a list of receipts and expenses.
>
> Dick
>

So if I give the IRS a box containing an old set of encyclopedias and
some vintage 33rpm's - that will not work?

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Mark Bole on August 11, 2008, 6:36 pm
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Mike Wellman wrote:
> On Aug 11, 3:00�pm, rdad...@panix.com (Dick Adams) wrote:
>>
>>> does anyone know of a definition of "books & records"
>>> other than SEC requirements
>> No, but a reasonable interpretation would be
>> a list of receipts and expenses.
>>
>> Dick
>>
>
> So if I give the IRS a box containing an old set of encyclopedias and
> some vintage 33rpm's - that will not work?
>

No, but now I'm hoping the OP will fill in some more details as to what
the issue or situation is, to allow more helpful responses.

-Mark Bole

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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