Any contracts you’ve signed (with clients, vendors, contractors, employees, etc.).Any other documentary evidence that supports an item of income, deduction, or credit shown on your tax returnĪlthough you might not always need them to do your taxes, you should also keep the following business documents on hand:.
Here are the main types of records you should hang on to: As much as they’d love to take your word for it, the IRS requires that you keep documentation that backs up the income, deductions, and credits you report on your tax return.
