How Long Should You Keep Tax Returns. When your records are no longer needed for tax purposes, do not discard them until you check to see if you have to keep them longer for other. Find out how long you are required to keep those annoying old tax returns.
How Long Must I Keep Tax Records from thumbor.forbes.com 1.keep records for 3 years if situations (4), (5), and (6) below do not apply to you. Just make sure you store digital files in a safe place that only you can access. Keep one paper file and one digital version. If the irs or state government questions your tax deductions or business losses, you the irs recommends taxpayers keep their returns and any supporting documentation for three years after the date of filing; How long do you need to keep all these documents?
Find out how long you should keep your tax returns from previous years.
Table of contents irs recommendation for keeping tax records how long should you really keep your tax documents this is why you should try to keep your tax returns indefinitely and keep the other records at. If you are staring at a stack of boxes of old tax documents you are not alone. Taxpayers should also maintain copies of tax returns and related documents themselves, curtis says. The answer may surprise you! Find out how long you should keep your tax returns from previous years. How long do you need to keep all these documents? Therefore, you should keep anything that's been reported on your tax return that you would have to substantiate. But in reality, how long should you keep tax returns? Just make sure you store digital files in a safe place that only you can access. Here is what you should keep and how long you should keep it. Do you really need to keep old tax returns for seven years?
