What records must be kept and for how long by who presents the Model 730?
The taxpayer who has the 730 must keep tax records for inspection by the Inland Revenue. From the speaker slip of medicines, medical expenses relating to the invoices, receipts by bank transfer models f24 paid. And the storage is for a few years. We see all aspects.
Each year taxpayers Italian owners must submit income tax returns, the 730 or the model Act. The methods of presentation are different: the ability to present a 730 by the employer to the presentation via a CAF or a professional, both of the 730 that the model Act. One of the requirements to which the taxpayer is required is the conservation of the documentation relating to data reported in the model presented.
It is particularly important to take care of this tax compliance. With the presentation of the annual tax return, in fact, are not limited tax obligations of the citizen. And 'necessary to the preservation of documents up to the fourth year following the year of submission of the 730 or Act. Translated into practical terms, the documentation should be retained until 31 December 2016 for those with the 730 of 2012 or the model Act 2012.
Even in the case of the presentation of the 730 to your withholding agent (employer or institution), notwithstanding any obligation to produce any documentation showing the reported data, it is still necessary to keep the documentation up to December 31, 2016 . The documentation may be presented at the request of the competent provincial directorates or offices of the Inland Revenue.
The taxpayer may file the 730 by means of a Centre for Tax Assistance (CAF) or by means of a qualified professional (Register of Consultants or Chartered accountants and accountants), handing the model already compiled or asking for assistance in filling. In these cases, unlike the mode of presentation through the withholding tax, the taxpayer shall file all necessary documents to the intermediary for the verification of the information given in the model then presented to the tax authorities. The intermediary will issue a stamp of approval that certifies the correctness of the data.
Documents to be submitted and save up to 31 December 2016 and beyond
It should first be pointed out that the documentation is to be submitted to the tax authorities (but only to the CSO or the trader in case), that the taxpayer should not attach any documentation submitted with your tax return, whether they are responsible for the presentation of the model 730 that the Unico.
Retention of records until 2016 is mandatory because it can be made available for inspection by the Inland Revenue, which in the year of submission of the declaration receives only and exclusively the 730 or Unique, without documentation that that justify the content. The IRS considers appropriate to verify the declared data, will require the taxpayer to the presentation of all documentation in one of the offices of the Inland Revenue. It is precisely for this reason it is very important to keep all documents, especially if you are entitled to recover taxes through tax deductions, especially if you go then to receive a refund of income tax in payroll, to adjustment.
The IRS, in fact, numerous grants tax relief to tax-paying citizens. Tax cuts that pass through tax deductions and tax expenditures. In order to obtain a reduction in the gross tax to be paid through the use of tax deductions, the taxpayer must not only take account of these benefits in the compilation of the 730, wondering where it is possible to tax refund via paycheck, but especially should retain all the documents certifying the right to such deductions.
The documents to be kept until December 31, 2016 are:
- The model Cud 2012, and the certifications withholdings and income earned in the year 2011;
- Receipts speakers for drugs purchased, receipts and invoices for medical expenses, in order to obtain tax deductions of 19% for health care costs;
- The receipts of the bank or post office run for deductions of 36% for building renovations or deductions of 55% for energy improvements;
- Models f24 showing tax payments.
When you need to keep records beyond 2016. The terms of storage can also go beyond the fourth year following the year of submission of the tax return, so beyond 2016. It is all those cases in which you are entitled to tax deduction of shares divisible in different years.
The building restructuring costs, as the house, which gave right to the 36% tax deduction for renovations in the tax return, you must retain until the end of the fifth year following the year during which the last installment has been deducted of income tax deduction of 36%. The same goes for expenses related to energy saving and entitling to a tax deduction of 55%.
For the deduction due in case of renovation of the house, which we recall is the extent of 36% of expenditure, expenditure incurred in 2011, to be considered in the tax return of 2012, to be exhibited at the CAF or qualified professional for compilation of the 730 or for the verification of the correctness of data in case of submission of the form already filled. This will control the application of the income tax deduction of 36%. The documentation must be kept for any measures to control the Inland Revenue.
The deduction of 55% for Saving energy is the energy upgrading of existing buildings, interventions on existing buildings, installation of solar panels, the replacement of winter heating systems. The income tax deduction is on the 55% of expenditure. To qualify for this tax break should the affidavit by a qualified technician and the attestation of conformity of the interventions made to the technical requirements. This documentation ie the energy performance certificate produced by a qualified technician at the end of the work must be saved for the control needs of the Revenue and must be performed at the CAF or qualified professional to calculate Irpef during the presentation of the model 730.
10/06/2012
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Translated via software
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Source:
Italian version of CercaGeometra.it