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In general, the IRS recommends keeping tax-related documents for at least three years after the filing date, as this is the period during which they can audit your return. However, if you underreport your income by more than 25%, you should keep records for six years. Certain documents, like those related to property, may need to be kept longer, especially if they affect capital gains. Always check local laws and regulations, as they may vary.
What else can I help you with?
How long do you keep old foreclosure papers?
how long do you keep foreclosure papers
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 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 are New Zealand schools legally obliged to keep student records?
1year
Can you get marriage after you get divorce in week?
umm yes you can. i divorced my exhusband and he was legally remarried 6 days later O.o as long as you have the final divorce papers...
How long does bad credit stay on your report?
legally , seven years under normal circumstances. id theft , if proven with the proper legal papers asap.
Are you allowed to keep a lot of money at home?
You can keep a lot of money at home if you want to. As long as you have legally earned money, you do not have to keep it in a bank. It may be safer in a bank but you can keep it in your home.
How long do you need to keep income tax papers?
For most items of income and expense, three years is the normal rule. However, for any item, such as depreciation on assets which can be claimed in excess of the normal three years, you will want to keep your papers for as long as you are claiming the asset. Papers relating to your cost, or cost basis, in capital assets should be kept forever and handed down to whoever will inherit these assets from you.
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 long can a company legally keep you as a temp worker in New york State?
i would say 18-25 years at most
How long to keep deceased parents papers such as tax returns?
Some papers are more or less permanent, such as titles to property. Tax returns: I'd say seven years. Papers that are duplicated in the public records: it doesn't really matter, because you can always obtain copies from the public records.
How long do you have to get your vehicle before they can legally search?
Legally search for WHAT?
