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How long do you keep records?

Updated: 9/13/2023
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Wiki User

14y ago

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In most cases records are kept for 7 years, although there are going to be some which are kept permanently, if they have legal significance (contracts, deeds, etc.) and may be needed in some future legal proceeding of some sort. Tax records do not have to be kept for more than 7 years because the government does not investigate tax payments older than that. If you underpaid your taxes 8 years ago, you got away with it, it's too late for the government to come after you.

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14y ago
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