answersLogoWhite

0

Keep Past Tax Returns

Updated: 9/27/2023
User Avatar

Wiki User

12y ago

Best Answer

After filing your tax returns, be sure to keep a copy for your records. You never know when you may need to take a look at information in past tax returns. Sometimes, people are given a surprise visit from the IRS and required to show their past tax returns. By having a copy on file, you can instantly check and see where you may have miscalculated your taxes. The IRS tends to be quite unforgiving of individuals who are not organized and who may owe back taxes to the IRS. Prevent any further hassle from the IRS by keeping your back taxes.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Keep Past Tax Returns
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How can one get a copy of past tax returns from the IRS?

One can receive a copy of past tax returns from the IRS through a few different methods. One can contact the IRS for a copy of past tax returns via the IRS website, through telephone, and by postal mail.


What tax returns do you need for filing chapter 7?

You need year-to-date income and the past two years' tax returns.


Are past tax returns useful to keep or do they just take up space?

Your best bet is to hold it for seven years. You would be able to use it if the IRS come knocking on your door. It is always a good thing to hold on to your tax returns.


How long do you legally need to keep your tax returns?

It is recommended that you keep your tax returns at least five years after you file.


How many years do we have to keep our back tax returns?

Professional accountants recommend that you keep 7 years of tax returns. You should also file away the supporting documents like receipts.


Is it too late to file 2008 tax returns?

No it is never too late file any of your past years income tax returns that have NOT been filed completely and correctly.


How long does the IRS keep 1040 tax returns?

10 years


A server provided by e-government that requires access to the internet is?

E-tax returns


How many years do you have to keep your tax returns?

The length of time you should keep a document depends on the action, expense, or event the document records. Generally, you must keep your records that support an item of income or deductions on a tax return until the period of limitations for that return runs out. The period of limitations is the period of time in which you can amend your tax return to claim a credit or refund, or that the IRS can assess additional tax. The below information contains the periods of limitations that apply to income tax returns. Unless otherwise stated, the years refer to the period after the return was filed. Returns filed before the due date are treated as filed on the due date. Note: Keep copies of your filed tax returns. They help in preparing future tax returns and making computations if you file an amended return.


Where do I get copies of my back tax returns?

You must make your own copies and keep them in a safe place. The IRS does not provide copies of previous year returns.


What is a word for submitting your tax returns?

You "file" your tax returns with the taxing authority (federal government, etc.) You can also "efile" your tax returns by submitting them electronically.


How do I claim my back tax returns?

By using the IRS, you can claim tax returns easily. The IRS is a good way to get tax returns. If you have any troubleshooting, they have a help section.