What would you like to do?

How long does an employer have to keep payroll records?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

How long does an employer have to keep payroll records?
The term "payroll records" encompasses many things....all types of records and accounting logs, payments of all types to different agencies, payments and calculations of pension and insurance, etc. Do you mean how long do they need to keep individual time cards...clearly a base payroll record....but worthless after no time...and it would cost zillions in storage fees to keep them very long.

So, they really need to keep them for as long as anyone involved might care. As a rule of thumb, 7 to 10 years is standard. In todays world of electronic records, many companies are keeping tape files for much longer...but retrieving them is sometimes very expensive...the systems and computer programs from years ago no longer are active, or can run on the platforms they are using...and it takes time, money and more to actually get data in a usable format.

How long a need for any specific record may exist depends on who is asking and what for. If the President of the company asks for something from those records from 25 years ago....he has a right and you better believe everybody will try to find them. If I ask for something from 2 years ago...why? and "do you realize how much time & money it will cost to get it....and it's in 25 boxes....you want to dig through those in the warehouse...have a good time"...is a more likely response.

If the IRS asks for something, generally they have a statute of limitations on audits for withholding of 3 years - although many things can extend it - and they may also want to audit it as part of the company income tax, or something else yet, which has yet a different period. Outside of the period, and the taxpayer doesn't have to provide it.

I suspect your asking about your own payroll records from an employer. They are required to timely (by 1/31 following the year end) to have provided you with your W-2. Once they timely give them to you, it is YOUR obligation to keep them. It is none of your business how long they keep their records on this or other things. And it will be your problem and expense if you claim they didn't comply with making them available to you. (By trying to mail them to your last known address for example, your receipt is irrelevant). Reporting them (by electronic means) to IRS, etc is required by law.
25 people found this useful
Thanks for the feedback!

Is Verlox your scariest role yet? How would you describe the character?

View Full Interview

How long do you keep a DUI on your record?

I think most states say ten years Another View: Your drivers record is a permanent record of your entire driving career. Points may come and points may go, but the record of

How long do employers have to keep resumes on file?

They can keep resumes for as long as they want, some toss is out right when they get it because they aren't hiring, as well some keep them for years just in case. If you are
How long to you keep tax records?

How long to you keep tax records?

8 years.. earlier it was 10 years
How long to keep personal records?

How long to keep personal records?

It is necessary to preserve and keep personal records. When it comes to Tax Records, if it is 1099 forms, the minimum is three years. The same duration should be used for othe

How long do employers need to keep employee records?

  Taken from the U.S, Chamber of Commerce website:   Personnel Information You Must Keep     The only records that you have to keep are those required by the

How long do you keep employment records?

    Answer       You should keep all your employment records to prove in court though social security will only need to see 7years, it's worth keeping the