© 2016 L. Kruckeberg, CPA LLC. All Rights Reserved.
CALL US TODAY!
3221 Commerce St., Amarillo, TX 79109
Certified Public Accountant
Personal Documents To Keep For One Year
How long do you need to keep your tax records.
Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the "three-
However, if the IRS believes you have significantly underreported your income (by 25 percent or more), it may go back six years in an audit. If there is any indication of fraud, or you do not file a return, no period of limitation exists.To be safe, use the following guidelines.
While it's important to keep year-
While federal guidelines do not require you to keep tax records "forever," in many cases there will be other reasons you'll want to retain these documents indefinitely.
Personal Documents To Keep For Three Years
Personal Documents To Keep For Six Years
Personal Documents To Keep Forever
Business Documents To Keep For One Year
Business Documents To Keep For Three Years
Business Documents To Keep For Six Years
Business Documents To Keep Forever
|Record Retention Guide|
|Track Your Refund|
|Texas State Comptroller|
|Texas Workforce Commission|
|Texas Sales and Use Tax|