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Electronic records are the way to go. Hire a student for the summer to start scanning, starting with the most recent prior year. We did this and went back ten years. All the paperwork was then shredded. We did keep the paper records of a very few clients who had really complex histories, but now all original docs are returned to the client when the return is completed. We also keep original docs with sigs for POAs. We offered clients with massive old files the opportunity to retrieve them if them desired--only one did. It is so easy to find things in the electronic file cabinet--no digging in file drawers, where something is always misfiled, no need to refile anything. Client needs W2s for the past three years? Print them out in a minute. IRS notice and your response? Right there under the year in question. The back room is now usable instead of being lined with filing cabinets, and no one has to muster the courage to go down in the basement.

I guess it depends on the platform. Bitcoin takes something like ten minutes, maybe less, but sometimes much longer. Remember the viral story about the man who ordered a $20 pizza and by the time the transaction cleared it cost something like $26? The newer crypto staking platforms are supposedly quicker. Bitcoin is still using proof of work.

Nothing much more frustrating than being hung up on by someone you don't want to talk to. My friends, there are your dangling participles for the day... maybe for the year... for you to ponder on... You're welcome.

I scan everything, and electrons stack real high before they need more space. My electronic records go back to start of scanning. Paper? I no longer keep paper for anything except 8879-type sig pages (in ONE file folder by tax year and one folder for state pages; scanned as a whole and shredded after three years) and POAs. POAs because so often I need to include copies (or fax them) when dealing with a new agent or issue. No client original docs of any kind stored, except for one of my daughters who doesn't have enough room at her apartment, and at her specific request. With electronic records, I was able to provide copies of adoption papers to a former client who needed them after originals were lost in a move. It did take me a few minutes of digging in the old records to find them.

Gosh, Yardley; that's a tough one. Finally though, a question that doesn't require exhaustive research by the estate/trust wizards hereabouts. I believe IRS has already ruled for the prosecution ("yea"). However, many hair-doers as well as other independent contractors feel it's a subjective question open to debate . Lots tend to be "agin" while I'm obliged to argue "fer" and the damages are occasionally brutal (for both). "Such is life"; as the old man used to say.

Well, I don't who raised these people, but one way to guarantee I don't respond is to direct me to kindly familiarize myself with anything. Familiarize yourself with this: Not today, Satan.

Been try to get through for 2 days. Finally got a call back appointment. Answered the phone, accepted the call, only to have the computer hang up on me. GRRRRRRRR at IRS.....GRRRRRRR at ENQ Tom Longview, TX