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If i close my tax business what are my requirements for keeping records for clients?

tasallan
Level 1
 
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itonewbie
Level 15

Don't believe your obligations under Circular 230 cease with the closing of your business although the sanctions that could be imposed on you could be more limited if you're longer in practice and don't plan to be in the future.

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Still an AllStar

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itonewbie
Level 15

Don't believe your obligations under Circular 230 cease with the closing of your business although the sanctions that could be imposed on you could be more limited if you're longer in practice and don't plan to be in the future.

---------------------------------------------------------------------------------
Still an AllStar

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