How Long To Keep Tax Records. Hm revenue and customs (hmrc) may check your records to make sure you're you should keep your records for at least 22 months after the end of the tax year the tax return is for. Do i need to hang on to paper bank statements?

How should you store those tax records?

How long to keep your current records. How long do you need to keep tax records? For example, if you are audited because you owe money on your 2020 tax return, and you sold a. How long do you need to keep tax records for? How long to keep your tax records, according to the irs. Keep in mind, these deadlines relate to the amount of time a state has to get around to auditing a tax return and assessing any additional taxes due. Here is a list of our partners. Once you file your income tax, you aren't quite done. How long states have to collect taxes due. Guidelines for keeping tax records. There are some circumstances in which you might want to keep records longer than suggested for reasons other than this year's tax return.