Proper record retention is vital for accurate tax filing and compliance. The IRS outlines clear guidelines on how long to keep financial and tax documents, ensuring you’re prepared for audits or disputes.
“Keeping thorough records is the cornerstone of effective tax management and compliance.”
Leo Dinh, EA
Timely Information for Every Taxpayer
The IRS Record Retention Guide helps taxpayers know what documents to retain and for how long. Organized records protect you during audits, support amendments, and simplify tax filing.
Key Highlights
Keep records for at least three years.
Retain seven years for loss claims.
Keep employment tax records for four years.
Retain property and investment records indefinitely.
Stay organized to safeguard your financial future. For detailed guidance, visit the IRS Record Retention Guide.