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Tax Records? |
How prolonged should I retain my tax records? How far back can the IRS go to audit?
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What If I Had Over A Billion Dollars In Tax Credits On My Tax Records In A Bank? |
For illustration I gave my tax records to a guy I new in the Navy. He got me to sign a Reinlistment loan for a bank but be added his million dollars to the advance, on my tax records. The whole thing is in credits. But on top of that the Navy added a Billion dollars of their own money on my tax records
| Answer: You must be a subsidiary or staff member of Halliburton. |
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What Is The Retention Period For Keeping Bank And Tax Records? |
I would pick a tax person or bank person answer this question. Do I need to keep tax records after 3, 4 or 7 years or can I sliver them after the retention period?
Same with bank records - 3, 4, or 7 years?
Thanks.
| Answer: You should keep your records as lengthy as they are necessary. The IRS has 3 years from the date you filed a return to audit the return and 7 years if they can be found tax fraud. To claim a loss on a worthless security, you have 6 years. The safe form to go with is 7 years. If you |
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How Long Does The IRS Keep Your Tax Records? |
I need copies of tax records from 1955-1964. Has anyone else recieved records from such a extended time ago or know if the IRS will have these available? Thanks
| Answer: Tax returns are destroyed 6 - 7 years after they are processed. So your 1964 returns were destroyed in 1970 or 71. Minimal information is kept for longer periods on microfiche, but I have never seen anything prior to 1964, the year the IRS first computerized its records. I take over you need the records |
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Q: We requested expert contracts from the county employment of erudition, but the advice we received was partial. We’ve thoughtfulness of requesting the laundry list of consultants who received an IRS 1099 sort, but we’re disturbed that we would be denied the low-down on the grounds that it falls under the “tax” lockout sample of the PRA. Is there language that would m? If we had the record, we could then requisition the contracts; however, the names are buried.
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