How Long Should You Keep IRS Tax Records?
Автор: Tax and Accounting Coach
Загружено: 2025-12-19
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Описание:
Ever wonder how long you really need to hold onto those important tax documents? Keeping tax records for the correct amount of time isn't just good practice—it's crucial for avoiding future IRS issues and ensuring you have proof for any deductions or income reported. Don't risk a headache later; learn the definitive guidelines.
Here's what you need to know about tax record retention:
► Understand the standard 3-year rule for most tax returns and why it's the baseline.
► Discover the specific scenarios, like underreported income, that extend the retention period to 6 years.
► Learn about records related to property and assets that often require indefinite retention.
► Identify employment tax records and how long you must keep them to stay compliant.
► Grasp the importance of holding onto supporting documentation for deductions and credits.
#TaxRecords, #IRSRules, #TaxTips, #TaxCompliance, #PersonalFinance, #RecordKeeping
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