 I am confused about capital gains...? |
I am selling my apartment building I have owned for nearly 4 years. Are my options to buy a new property or can I use that money to improve my home. Or does that not offset the gain.
Also,
... |
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 Can store's charge more than the state tax? |
California's tak is 8.25% but i recently
bought something and i noticed they
charger me 8.75% can they do that?... |
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 Do I have to pay 2008 property tax in 2008 to write them off or can I pay them in 2009? |
| The taxes aren't due till early 2009. Don't know if I pay them in 2009 if I can still write them off for 2008 tax return.... |
|
 Can i claim my x wife and my step kids in Taxes? |
I am sergeant in the united states army , I just came from deployment for 8 months in iraq
me and my wife are getting divorced , it will be finalled in the begining of january , just waiting for ... |
|
 Is she in trouble because her boss is paying her cash? |
| I just found out someone I really care about (in the U.S.) is getting paid cash--no taxes or social security are being taken out. If she turns him in, will she get in trouble? What will happen?... |
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 Is there a law that actually says we have to pay taxes? |
i saw a video of some ex irs agents who quit there job because they discovered there is no law that staes we have to pay income taxes?
is there any truth to this?... |
|
 If my mom claims me as a dependent! Can i claim myself as independent??? |
| hello, everybody i want to know or make sure if i my mom can claim me as a dependent while i claim my self as independent. i'll give some information so you can help me better. i just turned 20 ... |
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 I want to file for taxes but my mom wants to claim me! can we both file!? |
| I am a student recieving financial aid, my mom has to claim me but can i file as well!... |
|
 Where can I get a list of houses that are being sold for back taxes (tax liens)? |
| I am wanting to buy a house that has a tax lien on it so that I can get a large loan and pay a small amount for the house so that I can fix that house up the way that I would like it to be.... |
|
 I'm getting taxed...how do I claim my money back? |
| I'm 17, a college student, work part-time (15hours week) and I'm getting taxed for some reason. I shouldn't be getting taxed should I? How do I get my money back?... |
|
 Tax rebate question.? |
| I received a letter about a week and a half ago stating i would recieve my check by friday (june 27) but did not. my last 2 digits of my soc. are 75. has anyone received there payment or are they ... |
|
 Small income? |
income £670 per month no savings rent £200 per month.+elec+gas +council tax+food.
i am looking for work but until i get a job am i entitled to benefit's such as housing benefit etc etc in ... |
|
 Stimulus check sigs? |
Would a stimulus check require both signatures if the return was filed jointly?
We filed jointly and are now getting divorced- I have been told that he received the check ( it is suppost ... |
|
 Is it OK if my employer does not give payslips? |
| I have just arrived to the UK and I got a job but am not familiar with the system here. I know taxes will be deducted from my pay. I have not applied for a NI numer yet. Now then, something that ... |
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blutoadmirer | How far back can I go to safely destroy my income tax return records? |
I've heard it was seven years but want to make sure. |
 |
 
Overtaxed
|
i don't know the precise answer, but a word of caution. you should never throw away any records that may be needed to establish the cost basis for any investments you currently hold. for example, let's say you still have a bond that was purchased 28 years ago or you own shares of a company that you bought 15 years ago. when the bond is sold or matures or when you sell the stock you will have to report a gain or loss which will be the difference between the ORIGINAL cost and the selling price. sorry for the lecture, but i do returns professionally and this is the number one missing piece of information from my clients. |
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z28_zeppelin
 |
above is good advice; however, no statute of limitations on tax fraud. |
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spicertax
|
Here is the right answer. Keep tax return copies forever to prove that you filed - there is no statute of limitations if you failed to file so you have to prove it. Keep backup records for at least 3 years. Keep cost basis records for investments until 3 years after you sell them. |
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CurazyJ
 |
Listen to Jack... It's 7 years. Once it turns eight, introduce it to the shredder! |
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bold4bs
 |
You can safely destroy your income tax records any time you wish. You can shred them, you can even burn them - hopefully without any "incendiary" devices that might burn your hand or explode in your face.
Picture in your head the method of destroying your records.
Stay safe.
7 years, or months or days are irrelevant. I guess if your records accumulate too much dust, you might have to get a allergenic.
Best Wishes. |
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Jack Chedeville
|
seven years for individuals.
ten years for businesses. |
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dominica h
|
7 years for induviduals |
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asmithchick
|
4 years |
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