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What's this?

So, you're going to .... ?

obviously keep records, but for 7 or 20 years?

(In response to this post by scoop76cs)

Posted: 03/17/2019 at 1:24PM

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Current Thread:

How far back should one keep tax records? My taxes are relatively .... -- scoop76cs 03/17/2019 11:44AM

Thanks to you all for the feedback! ** -- scoop76cs 03/17/2019 1:02PM

So, you're going to .... ? -- `lag 03/17/2019 1:24PM

Sorted through records to minimize volume and am keeping 20 years worth. -- scoop76cs 03/17/2019 6:43PM

So yeah, agreed, bottom line it doesn't cost anything spacewise. -- `lag 03/17/2019 8:22PM

I have always been forthright in completing my taxes and willing.... -- scoop76cs 03/18/2019 04:11AM

Sorry not what I intended, more like a mental spring cleaning. ** -- `lag 03/18/2019 10:11AM

Yes, it was that. Apologies for my misunderstanding. ** -- scoop76cs 03/18/2019 5:05PM

Another question - what format do you keep your returns in? -- Hokie360 03/17/2019 12:35PM

I am a hard copy type. ** -- scoop76cs 03/17/2019 1:02PM

Hmm, you'll made me think about that... -- `lag 03/17/2019 12:42PM

Hold onto the tax returns indefinitely. Backup records 7-10 years. -- Hokie CPA 03/17/2019 12:31PM

I've still got mine from 1959 - today. ** -- AZHokie59 03/17/2019 8:05PM

Textbook is the IRS goes back 6-7 years unless -- `lag 03/17/2019 11:58AM

I’ll have to ask my long time tax attorney. I’m sure he still has our last -- B777Fr8Dog 03/17/2019 11:54AM

That is how far back I currently have. ** -- scoop76cs 03/17/2019 12:14PM

@Hokie CPA ** -- F4EHokie 03/17/2019 11:51AM

The old recommendation was 7 yrs, now it's 3 yrs, I think ** -- JoesterVT 03/17/2019 11:49AM

Got a bill THIS WEEK from 2015 so you might want to go longer. ** -- HokieinTampa 03/17/2019 12:17PM

Got a bill last fall for 2016, had to go back to my 2011 records to dispute -- `lag 03/17/2019 12:35PM

Same, got a bill from 2013 in 2016. What a mess, sent them a 13 page -- AZHokie59 03/17/2019 8:11PM

Must've been one of those serious fraud cases you mentioned above :-) ** -- Hokie360 03/17/2019 12:39PM

It sorta was ;^) -- `lag 03/17/2019 1:02PM