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how far back should you keep records ?

Here are some links that might be useful to you:

https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records

https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records
How long should I keep records? | Internal Revenue Service
5 juil. 2023Keep records for 3 years if situations (4), (5), and (6) below do not apply to you. Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from …
Topic 305 Recordkeeping
Topic no. 305, Recordkeeping. Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or if you receive an IRS notice. You must keep records, such as receipts, canceled checks, and other documents that support an item of income, a deduction, or a credit appearing on a …

https://www.forbes.com/advisor/taxes/financial-documents-what-to-save-what-to-throw-away

https://www.forbes.com/advisor/taxes/financial-documents-what-to-save-what-to-throw-away
Financial Documents: What To Save And What You Can Throw Away
7 févr. 2024We’ve looked at documents that are okay to throw away after a specific time, but there are plenty of documents you should hold on to indefinitely. Important papers to save forever include: Birth …

https://turbotax.intuit.com / tax-tips / tax-planning-and-checklists / how-long-do-federal-and-state-tax-returns-need-to-be-kept / L43GK2Wcs

https://turbotax.intuit.com / tax-tips / tax-planning-and-checklists / how-long-do-federal-and-state-tax-returns-need-to-be-kept / L43GK2Wcs
How Long Do Federal and State Tax Returns Need to Be Kept?
The IRS recommends taxpayers keep their returns and any supporting documentation for three years after the date of filing; after that, the statute of limitations for an IRS audit expires. If you’ve under-reported income by 25 percent, however, the IRS can go six years back, or seven if you claim a loss for bad debt or worthless securities. If …

https://www.forbes.com/advisor/taxes/how-long-do-you-keep-tax-records

https://www.forbes.com/advisor/taxes/how-long-do-you-keep-tax-records
How Long Should You Keep Tax Records? – Forbes
28 oct. 2022Keep tax records for four years if: You maintain employment tax records. Keep these for at least four years after the date the tax comes due or is paid, whichever is later. Keep tax records for …

https://www.consumerreports.org/money/taxes/how-long-to-keep-tax-documents-a5302825423

https://www.consumerreports.org/money/taxes/how-long-to-keep-tax-documents-a5302825423
How Long to Keep Tax Records and Other Documents
Keep for seven years. If you fail to report all of your gross income on your tax returns, the government has six years to collect the tax or start legal proceedings. To be on the safe side …

https://bettermoneyhabits.bankofamerica.com/en/privacy-security/how-long-to-keep-documents-before-shredding

https://bettermoneyhabits.bankofamerica.com/en/privacy-security/how-long-to-keep-documents-before-shredding
How long should you keep important documents? – Better Money Habits
For digital records, be sure to archive and back up all electronic records. It’s a good idea for these records to be password protected. Guard your financial accounts: Use complex passwords to keep your account information safe. Make sure your username and password combination is different from the ones you use for personal email, online …

https://www.irs.gov/businesses/small-businesses-self-employed/recordkeeping

https://www.irs.gov/businesses/small-businesses-self-employed/recordkeeping
Recordkeeping | Internal Revenue Service
7 mars 2024However, the business you are in affects the type of records you need to keep for federal tax purposes. How long should I keep records? The length of time you should keep a document depends on the action, expense, or event the document records. You must keep your as long as needed to prove the income or deductions on a tax return.

https://www.kiplinger.com/taxes/602798/how-long-should-you-keep-tax-records

https://www.kiplinger.com/taxes/602798/how-long-should-you-keep-tax-records
How Long Should You Keep Tax Records? | Kiplinger
20 avr. 2024Tax records to keep for three years. Generally speaking, you should save documents that support any income and tax deductions and credits claimed on your tax return for at least three years after …

https://www.nerdwallet.com/article/taxes/how-long-to-keep-tax-records

https://www.nerdwallet.com/article/taxes/how-long-to-keep-tax-records
How Long Should You Keep Tax Records? – NerdWallet
2 févr. 2023If, however, you don’t include all your earnings on your 1040, the IRS gets a longer window to decide on a potential audit, so you need to keep your tax records longer, too.

https://www.kiplinger.com/taxes/tax-returns/how-long-to-keep-tax-returns-kiplinger-tax-letter

https://www.kiplinger.com/taxes/tax-returns/how-long-to-keep-tax-returns-kiplinger-tax-letter
How Long to Keep Tax Returns and Records | Kiplinger
6 févr. 2024The 2024 tax filing season is in full swing. The IRS began accepting 2023 Forms 1040 and other federal tax returns on January 29. As you’re getting ready to file your 2023 return, or perhaps even …
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