What does the IRS do with all the tax forms that are filed every year? How long does the IRS keep them?

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What does the IRS do with all the tax forms that are filed every year? How long does the IRS keep them?

2007-02-20 03:39:08 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

The IRS keeps records for up to 6 years. The statutes of limitations for the IRS to audit is 3 yrs, unless you grossly underreported your income, in which case they have up to 6 yrs after you filed for them to collect or initiate legal proceedings to collect. If you filed a fraudulent return or didn't file at all when you were supposed to, the timer is considered not to have started at all, and the IRS can come after you at any time.

2007-02-20 08:53:06 · answer #1 · answered by CMass Stan 6 · 2⤊ 0⤋

My understanding is they scan the forms and they are kept for 6 years (statute of limitations).

2007-02-20 16:30:07 · answer #2 · answered by Dizney 5 · 0⤊ 1⤋