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You should keep tax documents for at least 3 years, but it's recommended to keep them for up to 7 years in case of an audit.

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5mo ago

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Related Questions

How long do I need to keep tax documents for?

You should keep tax documents for at least three years, but it's recommended to keep them for up to seven years in case of an audit.


How long should a person keep their 2011 Federal Tax Forms?

The IRS recommends federal income tax forms and related documents should be kept for three years. How long to keep state income tax forms depends upon state laws.


How long should a person keep their tax return transcript for?

Tax professionals commend that you keep your transcript for 7 to 10 years. Don't forget to file away your receipts and other supporting documents.


How long should you keep documents relating to the purchase of your house?

Such document should be retained for the period of ownership. They may also be useful for tax purposes for up the seven years after the sale.


How long do you have to keep tax papers for?

You should keep tax papers for at least three years after filing your tax return.


How long should a small business keep tax records for?

A small business should keep tax records for at least seven years.


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.


How long should you keep tax papers for?

You should keep tax papers for at least 3 years, but it's recommended to keep them for up to 7 years in case of an audit.


How long should you keep tax statements and documents and forms?

You're required to keep tax records (documents, statements, forms, receipts, etc.) for each year's tax return until the period of limitations runs out for that particular return. The period of limitations is the period of time in which the return can be amended or in which the IRS can assess additional tax. A return can be amended either three years after the date of filing the original return or two years after the date of paying owed taxes, if any, whichever is later. Therefore, individuals should at least keep their tax records for about four years.


How long should you keep tax info?

At least 7 years.


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.