What is considered legitimate proof of income when filing self-employeed taxes?

Answer 1

Go to www.irs.gov and use the search box for Self-Employed Individuals Tax Center

Record keeping

What kinds of records should I keep?

You may choose any record keeping system suited to your business that clearly shows your income and expenses. Except in a few cases, the law does not require any special kind of records. However, the business you are in affects the type of records you need to keep for federal tax purposes.

Publication 583 , Starting a Business and Keeping Records

Supporting Business Documents

Purchases, sales, payroll, and other transactions you have in your business will generate supporting documents such as invoices and receipts. Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks. These documents contain the information you need to record in your books. It is important to keep these documents because they support the entries in your books and on your tax return. You should keep them in an orderly fashion and in a safe place. For instance, organize them by year and type of income or expense. For more detailed information go to www.irs.gov and use the search box and type Publication 583, Starting a Business and Keeping Records.

http://www.irs.gov/publications/p583/index.html

The following are some of the types of records you should keep:

*.Gross receipts are the income you receive from your business. You should keep supporting documents that show the amounts and sources of your gross receipts. Documents for gross receipts include the following:

*. Cash register tapes

*. Bank deposit slips

*. Receipt books

*. Invoices

*. Credit card charge slips

*. Forms 1099-MISC

And more information is available below