This is how long to keep tax documents ➡️ W2s, 1099s, 1040s, etc

Описание: In this video, we're asking the question: should you keep your tax documents after filing your 1040 or business tax return? Tax documents, whether bank statements, W2s or 1099s are important, but they can also be bulky and take up a lot of space. Is it really necessary to keep all of these tax records after filing your taxes? After watching this video, you'll know how long you'll need to keep your tax documents.

Official IRS Statute of Limitations which I used to reference for this video: https://www.irs.gov/businesses/small-...

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Disclosure Disclaimer: The information in this video is provided for general education purposes only and may not reflect changes in federal or state laws. This video is not intended to provide advice. Please consult with a professional tax advisor about your facts and circumstances.

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0:00 - Introduction
0:21 - Types of Tax Documents you file with your tax return
0:46 - Indefinitely keep these tax documents
1:12 - Keep these tax documents for 7 years
1:52 - Keep tax documents for 6 years if this applies to you
2:10 - Keep tax documents for 3 years
2:46 - Other tax record considerations