4 Dangers You Face If You Don’t Back Up Your Income Tax Documents

Do you know what important documents to keep and why? You risk wasting money and time if you don’t back up your income tax records.

Tax paperwork in binders
Image: Thomas Bethge/Shutterstock
Stefanie O’Connell

Stefanie O'Connell

Stefanie O'Connell is a financial expert, Gen Y advocate, speaker and author of “The Broke and Beautiful Life.” Her fresh and timely advice has appeared in "The Wall Street Journal," "Money Magazine," "Forbes," "ABC World News," and various other media outlets. Follow @stefanieoconnell.