News Artcle

Julie Jason: How long should you keep tax-related records?

Published September 9, 2013

Think about all of those tax returns and supporting documentation you have stored away somewhere. Just how long do you have to hang on to them? The official Internal Revenue Service response from Tips for Managing Your Tax Records is “normally” three years. If you explore the rationale, you’ll find that it comes from the three-year period during which the IRS can claim you owe additional taxes. A longer period applies, however, if taxpayers don’t report income (six years). If they don’t fil...

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