Keeping your Federal tax return after being prepared can be complicated. The rule is a minimum of three years. However if you deal in stocks and bonds or Real Estate or Business you should keep them for basis purposes.
If you are in a dispute with the IRS you should keep your return until the audit or dispute is over. If you are in a dispute other than with the IRS you should keep your returns as far back as needed (possibly since inception). If you are going through a divorce I would not shred them,as often your returns are going to be used in the divorce proceedings.
No comments:
Post a Comment