how many years back should you keep income tax returns?
1815
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 worthless securities or bad debt deduction.
1241251
Generally, you must keep all your business records for VAT purposes for at least 6 years. Records that you use for other tax purposes may need to be kept for longer periods.
204551
How long a document should be kept depends on many things, but generally California's minimum statute of limitations is four years. It is imperative that you keep your records properly. This may be needed as long as is necessary to prove the income or deduction on your tax return.
140346
You should keep your records for at least 22 months after the end of the tax year the tax return is for. If you send your 2019 to 2020 tax return online by 31 January 2021, keep your records until at least the end of January 2022.
539934
Keep monthly statements for one year. Keep annual statements related to your taxes for at least seven years. They provide proof of income from interest-bearing accounts and can be a record of tax-related transactions. Keep until you get the next statement showing that you paid, unless you need it for tax purposes.
1004790
Always keep receipts, bank statements, invoices, payroll records, and any other documentary evidence that supports an item of income, deduction, or credit shown on your tax return. Most supporting documents need to be kept for at least three years.
594814
In most instances you are going to want to hold on to your tax records for five years following the date that the relevant return was lodged.
303335
['Always keep receipts, bank statements, invoices, payroll records, and any other documentary evidence that supports an item of income, deduction, or credit shown on your tax return.', 'Most supporting documents need to be kept for at least three years.']
839727
Keep your year-end stock and mutual fund account statements in your tax files for three years. If you are self-employed, you need to keep the annual statements for six years.
573324
['Store permanently: tax returns, major financial records. ... ', 'Store 3–7 years: supporting tax documentation. ... ', 'Store 1 year: regular statements, pay stubs. ... ', 'Keep for 1 month: utility bills, deposits and withdrawal records. ... ', 'Safeguard your information. ... ', 'Guard your financial accounts. ... ', 'Properly dispose of paper documents.']
1259277
When you own property (house, rental property, cars), you should keep all tax records until at least three years after selling that property and filing the corresponding taxes.
90918
Generally, you must keep your written evidence for five years from the date you lodge your tax return.
943929
Revenu Québec strongly suggests that you keep your income tax papers for six years. These papers may consist of slips, statements, invoices, schedules or cheques. Even if you're not required to enclose some of these documents with your tax return if you file electronically, you should keep them anyway.
971851
Whether you operate a business with employees or are self-employed, the Internal Revenue Service advices that all records of employment taxes be kept for at least four years after the filing of the fourth quarter of the last year. Other tax records, such as retirement plan documents, must be kept longer.
669284
When it comes to tax-related paperwork like payslips, P45s and so on, HM Revenue and Customs (HMRC) suggests keeping them for at least 22 months from the end of the tax year they relate to.
869996
Keep records indefinitely if you file a fraudulent return. Keep employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.
640413
How long do I need to keep tax-related records? While the requirements for certain types of specific documents vary, the general position taken by the ATO is that documents should be kept for five years after you've received a notice of assessment relating to that year's return.