Federal Laws specify how long you must retain the documentation to support the filing of income tax returns.
For most taxpayers, this period is three years from the original due date of the return or the date the return is filed, whichever is later. For instance, if you filed your 2006 Form 1040 April 17, 2007 or sooner (disregarding the extended NE "storm" due date), the IRS has until April 17, 2010, to audit the return and assess a deficiency if necessary.
The statute of limitations period extends to six years if a return includes a substantial understatement of income (defined as omitting income greater than 25% of the amount reported on the return). There is no statute of limitations if a taxpayer fails to file a tax return or commits fraud. A taxpayer is considered to have committed fraud if he/she submits a false return or if there is a willful attempt to evade tax.
If a required return is not filed, the records must be kept forever, as the statute of limitations does not begin until the form is filed. Failure to keep adequate records is a separate violation from failing to pay or to file.
There may be non-tax reasons to retain these records. If you are unsure you should contact a financial advisor and/or tax specialist.
There is no age limit -- upper or lower -- on filing taxes.
3 years.
Clarification
There are circumstances that can extend the time for an audit for up to six years. See the discussion at the link provided below.
For every year that you met the MUST FILE A TAX RETURN requirements.
April 15.
seven years
It depends on the country in question.
There are no universal statutes anywhere that say you must retain them for any given length of time. There may be local legislation. Check locally
six years
No. Federal law states that you can only possess one licence, and it must be from your current state of residence.
No. Same-sex marriage is not legally recognized in Louisiana. A same-sex married couple living in Louisiana must file separately as "single" on their state income tax returns and as "married" (either jointly or separately) on their federal income tax returns.
rehearse it
One year
You will want to consult with your tax specialist for each state you need to file your taxes with. Filing multi state returns can get very complicated, as each state has different rules. The only states that do not have state income tax is florida, Alaska and Nevada and New Hampshire and 5 others. If you live in a state which imposes tax you must file both federal and state tax returns each year.
Corporations must file Federal tax returns every year, regardless of income or loss. The same is true in most states.
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