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To the best of my knowledge It Depends on the parties involved .
If it is a natural person, Vs a Previous Company worked for, the corporate entity is not required one way or another to show you your records beyond when it is tax time and you need your paperwork from the current year, or when required by law to complete an audit, Then, said entity is required to comply with said governance command on behalf of the individual. Otherwise, No it is not illegal
What else can I help you with?
How long do you have to keep tax records for a business?
We must keep tax records for 10 years for a business
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.
How long should personal tax records be kept in Australia?
A person should keep personal tax records for about 7 Years in Australia.
How long should you keep income tax records?
4 yrs
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.
How long do you have to keep tax records for a business?
We must keep tax records for 10 years for a business
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.
How long does a tax preparer have to keep records of clients?
A tax preparer is typically required to keep records of clients for at least three years after the tax return is filed.
How long should a small business keep tax records for?
A small business should keep tax records for at least seven years.
How long does TurboTax keep records for tax purposes?
TurboTax keeps records for tax purposes for up to seven years.
How long should personal tax records be kept in Australia?
A person should keep personal tax records for about 7 Years in Australia.
What are 5 examples of records that businesses keep?
Communication data, tax records, employment records, product records, transaction history
What are advantages and disadvantage of records keeping?
You have to pay money in order to keep the records. Tax n dat
How long should you keep income tax records?
4 yrs
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 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.
How long are you supposed to keep expense records?
If you are referring to expense records used for tax purposes, then you should keep them for the same time period you keep copies of all of your tax documents. This should be a minimum of 3 years from when the due date of that tax year's deadline or when the tax was paid, whichever was later. This is so that you have them in the case of an audit (which is typically in that time frame). So for your 2009 tax returns, if you had a deadline of April 15, 2010 and paid your taxes by that date, then you would keep those tax returns until April 15, 2013.You owe additional tax and situations (2), (3), and (4), below, do not apply to you; keep records for 3 years.You do not report income that you should report, and it is more than 25% of the gross income shown on your return; keep records for 6 years.You file a fraudulent return; keep records indefinitely.You do not file a return; keep records indefinitely.You file a claim for credit or refund* after you file your return; keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later.You file a claim for a loss from worthless securities or bad debt deduction; keep records for 7 years.Keep all employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.
