Home Forums FAQ’s How long should I keep my tax records?

1 reply, 2 voices Last updated by  Refundtalk 1 year, 8 months ago
  • tara berks
    Moderator
    @t_berks
    #7334

    How long should I keep my tax records?

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    Refundtalk
    Keymaster
    @admin
    #7335

    The IRS says you should hang onto your tax documents for three years; if you get audited, that’s generally the look back period they’re allowed to cover. However, if they suspect fraud or underpayment of income tax, or if you’ve written off worthless securities, they can request up to seven years’ worth of tax records. Hang onto documents like receipts that justify deductions like business expenses, charitable donations and so on.

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