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6 years: If you do not report income that you should report, and it is more than 25% of the gross income shown on your return 4 years : For all employment tax records (W-2, 1099, etc.)
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 ...
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 ...
Specifically, if you don’t file a return for a particular year, have never filed taxes before, or experience an issue regarding tax fraud, you should keep your documents indefinitely because the ...
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What is it about a new year that fills us all with the urge to purge? Clothing, old toys—that’s the easy stuff. (If it’s gently used, donate,...
The bill would incrementally increase the maximum refundable child tax credit to $1,800 for 2023 tax returns, $1,900 for the following year and $2,000 for 2025 tax returns.
Check out the following video to understand how the rules about keeping tax paperwork have changed in recent years. After all, if you’re filing returns electronically — and most taxpayers do ...
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related to: how many years should you keep tax returnsturbotax.intuit.com has been visited by 1M+ users in the past month
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