Keep tax records for six years if: You could have underreported your income by 25%. If this is the case, the IRS can review your taxes from up to six years ago.

A: You should keep copies of all records relating to your income tax returns for as long as they may be relevant to the IRS ...

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.

Aside from the IRS requiring you to maintain business records, there’s a business case to do so as well. Keeping good records ensures that you have accurate financial statements and that you can ...

A: You should keep copies of all records relating to your income tax returns for as long as they may be relevant to the IRS in determining how much tax you owe. The IRS generally has three years ...

The recommended documents include a long list of tax-related forms such as W-2s, 1099s, title insurance fees, records of itemized deductions, mileage logs, stock records and 1040s.

If you're wondering how long to keep tax returns and records, the answer depends on the type of documents and the kinds of transactions you engage in. Kiplinger. Save up to 74%.