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This includes supporting tax return documents, medical bills (if they are tax-related) and any other tax-related bills. Do You Need To Hold Onto These Documents Forever?
In addition, specific facets of tax filing (such as fraud and unreported income) can have longer statutes. Therefore, it’s crucial to review your state tax laws and keep relevant documents ...
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.
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Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government.
While it sounds obvious, the three- or six-year period for maintaining supporting documentation for a tax return starts from the due date of the return, or from the date you filed the return if ...
Tax filing season is officially underway and taxpayers should be on the lookout for W-2 and 1099 forms, among other tax-related documents to ensure they have them before filing.
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 ...