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1 reply, 2 voices Last updated by Refundtalk 5 years, 8 months ago
  • tara berks
    Moderator
    @t_berks
    September 15, 2017 at 12:24 am #7334 Reply

    How long should I keep my tax records?

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    Refundtalk
    Keymaster
    @admin
    September 15, 2017 at 12:28 am #7335 Reply

    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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