Generally, tax records should be kept for 3 years from the due date of the return to which they apply. Or if the return was filed after the due date, 3 years from the actual filing date. The statute of limitations can be longer if there is fraud, or a return was not filed. Add 2 years if your state statute is longer. Basis records for stock, property and other assets must be kept until the statute expires for the year of sale.
Get started
Find out where you stand.
Tell us how the business is set up and what's currently a mess. We'll tell you what we'd do first, and what it would cost.
Please don't send Social Security numbers or tax documents through this form.