January 24, 1996
IRS Seeks Taxpayer Input on
Easing Recordkeeping Burden
WASHINGTON - The Internal Revenue Service today proposed procedures that would eliminate requirements that taxpayers keep
paper records and allow an electronic imaging system to be used
instead. The IRS is soliciting public comment on the proposal, which
was announced earlier this month as part of the expanded Taxpayer
Bill of Rights.
"We know that many taxpayers are as anxious to eliminate paper
as we are," said IRS Commissioner Margaret Milner Richardson in
announcing the proposed procedures. "As an agency that handles two
billion pieces of paper a year, we are acutely aware of the
advantages of computer storage."
The proposed procedures set forth certain requirements that
imaging systems would have to meet to qualify as books and records
under the Internal Revenue Code. The requirements are broadly
written as operational capabilities, not technical specifications
for hardware or software.
Taxpayers maintaining imaging systems in accordance with the
procedures would not have to keep hardcopy documents as a backup,
thus saving storage costs.
Notice 96-9, containing the proposed procedures, will appear in
Internal Revenue Bulletin 1996-7, dated February 12, 1996.
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