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Learn how long to keep tax records and the IRS guidelines for federal and state returns, including supporting documents.
And if you have already filed your taxes, you'll want to know how long to keep tax records and other financial papers in case you're audited.
For most taxpayers, getting your return prepared and filed is the end of a long road. Yet what happens after you've filed your tax return can be equally important. By making sure that you hold ...
So keep any tax records for those years permanently. How To Store Documents You can keep your tax documents in a fireproof safe or a bank’s safe deposit box.
Learn how long to keep tax records, from W-2s to property documents. This guide covers retention periods for various tax forms and financial records.
If you do, hold those records for seven years. That’s how long the IRS has to come back with questions about your bad investment. The same time frame applies to deductions for a bad debt ...
Is there a rule of thumb on how long someone should keep their old financial paperwork? I have file cabinets full of old receipts, bank and brokerage statements, tax returns and more that I would ...
Keeping good records tax records can protect you in an audit and help fix mistakes. Here are some guidelines about how long to keep tax records.
Here's a general rundown on how long you should keep certain common tax records and documents. Of course, you can always hang on to them longer if you want…but don't become a pack rat!
If you do, hold those records for seven years. That's how long the IRS has to come back with questions about your bad investment. The same time frame applies to deductions for a bad debt.
How Long Should I Keep My Tax Records? Here’s how long you should maintain records, plus exceptions to the three-year rule. Keep tax records for three years if: ...