Anonymous
07/14/2023 19:06
Subject: How long to keep receipts for tax purposes?
We scan in everything and keep for 10 years. We itemize everything and keeping it for a long time gives us a sense of security in the event of an audit. I actually wonder how long our accountant keeps our returns.
Anonymous
07/13/2023 19:38
Subject: How long to keep receipts for tax purposes?
Anonymous
07/13/2023 18:32
Subject: How long to keep receipts for tax purposes?
Anonymous wrote:Anonymous wrote:Anonymous wrote:7 years
Why 7 specifically?
You can be audited for up to 7 years after you file; you need to have the paperwork to back up your return.
After 7 years, the only reason they could audit you is if they suspected deliberate fraud.
IRS Audit period is 3 from date you file taxes. Where are you getting 7?
Anonymous
07/13/2023 15:00
Subject: How long to keep receipts for tax purposes?
Anonymous wrote:Anonymous wrote:7 years
Why 7 specifically?
You can be audited for up to 7 years after you file; you need to have the paperwork to back up your return.
After 7 years, the only reason they could audit you is if they suspected deliberate fraud.
Anonymous
07/12/2023 12:54
Subject: How long to keep receipts for tax purposes?
Anonymous wrote:7 years
Why 7 specifically?
Anonymous
07/12/2023 12:54
Subject: How long to keep receipts for tax purposes?
7 years
Anonymous
07/12/2023 12:51
Subject: How long to keep receipts for tax purposes?
If you do itemized deductions how long do you keep your reciepts for each year?