Loose Leaf Log Books

Multiple days off can be logged on 1 page as long as those days dont carry you into a new month. For example; if you are off August 26-30 you cna log off duty on 1 page listing the date range. But if you are off August 26- September 2 you need a new page for September.

 

If you are in business, you should know that you have to keep the records for seven years, three is only for personal.

 

There's no regulation that says that. However if your company requires it so be it.

 

IRS can only go back like I stated.

I have never had a business audit over 3 years ever since I started doing returns.

There are others on the link below for more specifics. In addition, there are some records that should be kept forever.

Logs where I made this comment fall under supportive records that corroborate any business income or deductions. Period of limitations is the 3 years from the date filed.

http://www.nolo.com/legal-encyclopedia/how-long-should-you-keep-business-records.html

Business Income Tax Returns and Supporting Documents.It makes sense to keep a final copy of your business income tax returns and related correspondence with the IRS permanently to help you prepare future or amended returns. The IRS recommends that you retain supportive records that corroborate any business income or deductions claim until the “period of limitations” expires for that tax return. The period of limitation is the time period from your filing date in which either you might seek to amend your return for a credit or refund or the IRS may pursue your business for additional taxes. Typically, the IRS can come after your business for failing to report income for up to 6 years after your filing if the amount is greater than 25% of your business’s gross income. If you filed for a deduction for a bad debt or worthless security, the IRS suggests you keep your supporting tax records for 7 years. Under these circumstances, you may generally wish to retain your supportive records for at least 7 years.


Employment Tax Records. If you have employees, the IRS suggests that you retain all employment tax records for a minimum of 4 years after the date those taxes were due or were paid, whichever is later. These employment tax records include such items as your employer identification number, amounts and dates of wage, annuity and pension payments and tax deposits, the names, addresses, social security numbers, dates of employment and occupations of employees and records of allocated tips and fringe benefits.

 

I guess dirthaller is still looking for that code section.
I think DOT will sometimes push the envelope just to see what they can get away with. Dont be skeered of the DOT drivers, speak up IF you know yoour right(s). Power to the People!!!

 

I run looseleaf, and keep 8 (Today + last 7) in clipboard, blanks in storage compartment. 9th day and beyond goes in the filing cabinet at home, after being scanned (no fancy log software, just for archival/reprint purposes). If you run Canada, they'll want to see the last 14. No point in keeping any more logs about than legally required. Johnny Law has better things to do than figure out where I took my lunch break 3 weeks ago.

 

If you go to the IRS website, there are situations where you need to keep them longer than 3 years (including employment taxes for employees), and there are more reasons than the IRS to consider . . . an audit is NOT the only reason to keep business records. Try straight from the horse's mouth, rather than some other website than the IRS.