By Linda Sheldon, Synerco Group, LLC

Now that tax season is over, can I throw all my tax stuff away? NO. Understanding the length of time necessary for retaining tax documents is crucial for effective financial and legal management. This guide provides a comprehensive overview of the recommended duration for keeping your tax records, ensuring you’re well-prepared for anything from routine audits to unexpected inquiries.

The Standard Rule: Three to Seven Years

The general guideline from the IRS recommends keeping your federal tax records for three years. However, there are several situations where you might need to retain these documents for a longer…(please see below to view full stories and photographs)

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This is part of the April 19, 2024 online edition of The Mountain Enterprise.

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