2007-06-16 12:30:08 · 4 answers · asked by B 6 in Business & Finance ➔ Taxes ➔ United States
I always tell my tax clients "keep the copies for at least 3 years, 7 years is better, and for as long as you have room is best". I've seen requests for income tax filing going back into the early 90s.
2007-06-16 17:46:23 · answer #1 · answered by BeckyBeq 3 · 1⤊ 0⤋
The IRS can demand records for the past three years. If it is a criminal case, it can ask for the past six year's records. You should keep all records for at least three years if they may be needed to support a tax return. Some records should be kept much longer. For example, the confirmation of a stock purchase should be held as long as you own the stock, so that you can prove the gain or loss when you sell it.
2007-06-16 12:47:39 · answer #2 · answered by Anonymous · 1⤊ 0⤋
The standard rule is last seven. I do not have it.
I am luck if I can find this year's photo copy.
With the age of computerization and storeage, the tax division. State and fed have your records back to the middle 1980s now
2007-06-16 13:44:24 · answer #3 · answered by Michael M 7 · 1⤊ 0⤋
But note they can go back as far as they want if you didn't file a return for a certain year.
2007-06-16 14:49:10 · answer #4 · answered by Ironman 2 · 1⤊ 0⤋