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Partners in Business tip: Keep your records

The IRS usually has three years to challenge deductions or income stated on your return by requesting an audit, so you should keep your records for at least three years. The IRS randomly selects some returns to determine compliance with its tax rules. Only a Certified Public Accountant can represent you in an audit. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm.

The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm. Download the comprehensive "Partners in Business" owner-operator business manual, covering topics from start-up to expansion with multiple trucks. There, find much more information about the ins and outs of safety, maintenance and business processes, among a myriad other topics. 

Click here to see more quick-hit Partners in Business tips.

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