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You may have documents that fit into the personal records category, such as: Income tax returns. Income tax payment checks. CPA audits reports. Retirement and pension records. Investment trade ...
“The IRS can audit your tax returns for up to three years after the tax filing deadline,” explains Logan Allec, certified public accountant and owner of personal finance blog Money Done Right ...
For example, if you bought a car in 2010, use it as part of your business and then sell it in 2020, you should keep all of those car-related tax records until the statute of limitations expires ...
The general rule is to keep your tax records for three years, but there are several important exceptions for when you might need to keep your tax records for a longer period as a taxpayer ...
Take it from someone who has a hoard of legal accordion files stashed away in a hope chest: It's a good idea to keep your tax records. However, if you're going through a phase of trying to get rid ...
Here are seven common reasons to keep your tax documents: Record of income: Tax documents, such as W-2s and 1099s, provide a record of your income. These are crucial for accurately reporting your ...
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