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How long to you keep tax records?

Updated: 9/22/2023
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11y ago

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8 years.. earlier it was 10 years

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11y ago
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Related questions

How long do you have to keep tax records for a business?

We must keep tax records for 10 years for a business


How long should you keep income tax records?

4 yrs


How long should personal tax records be kept in Australia?

A person should keep personal tax records for about 7 Years in Australia.


Husband died in 2003 how long do you keep his tax records?

At least ten years.


How long do you need to keep accounts receivable records?

Various companies keep the records various times. For the most part (for tax purposes) it is best to keep all records for 5 to 7 years after the date.


Why should you keep records of income tax?

You should keep records of your income tax to prove you did it correctly if questioned later.


Husband died in 2004 how long do you keep his tax records?

Provided his estate went through probate properly in 2004 then you would not usually be expected to keep personal tax records much after that - however if the estate included a business then you may need to keep the records for that for 7 years.


How long after death do you keep tax records?

usually about 6-7 years i was told by my late father


How long do you keep tax records for a deceased person?

How long a person keeps tax records for a deceased person will vary depending on the circumstances. Use your best judgment. It is recommended that a live person keeps their records for 5 to 7 years.


How long should you keep tax records?

IRS publication 552, covers Record Keeping for Individuals. (They have a separate one for Business). It covers record keeping (what and how long) for tax records and supporting docs. Pretty easy to understand. Minimum for tax-related is 3 years, but it could be as long as 7.


How long do you need to keep your tax records in hong kong?

7 Years See Inland Revenue Website:


How long to keep tax records for business?

You should keep your business records for a minimum of three years for federal income tax purposes. Records retention for state tax agencies varies, but three years would also be a minimum for these tax authorities as well. Note that your records having to do with any depreciable capital assets should be kept until at least three years after the assets are disposed of. Also, any records having to do with tax carryover items should be kept for at three years after the carryover is used up.