How can i grow a money tree? |
| someone told me if i plant 100 doller bill it will grow and make a big tree with many 100 dollars, is this true?... |
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Can I deduct a septic system on my taxes? |
| I had to replace my entire septic system on my house in Feb 2006, because it was not up to code. They said they could condemn my house if I didn't fix it. It cost $4000. Can I deduct the $4000... |
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Does anyone know of a place that pays you for items? |
| what I mean is if you know some place in L.A that would give you money for any item you give them. because my dad is near retirement and the government has cut his salary too much. we wouldn't ... |
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How much is $299.99 plus tax? |
| I live in Arizona located in chandler. I have know idea how much tax is. I am just intrested knowing the exact total of $299.99 + ... |
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Is it possible to hide income in order not to pay child support ifyou own your own business? |
if so should a W2 be sufficient? or should i ask for corporate tax papers to prove how much one is making? Additional Details This is not me who is doing it. it's my x husband!!!... |
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I have won British National Lottery but i can't pay the way of receiving the cheques what should i do? |
| there are not any way of payment in country if i will not pay the money to the Parcelcarrier company i with lose the money...what should i do?how can i pay?... |
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I get child support for my son. He will be 22 on jan 5 2009? |
| But he will not graduate college untill may 2009. The divorce papers state "child support will continue as long as he is in college but not beyond the age of 22 years" do I have any ... |
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How much do you get paid..? |
| an hour if you make $30,000 a year?... |
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When you received social security income, do you have to report it to the IRS? |
For a married couple that are 68 & 64 years old and have received 24K in Social Security benefits, 3k in pension distributions, and 2K in interest income,
is it required for them to ... |
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Do film stars and singers get taxed?!? |
| it only seems fair since they dont need the money and we have to pay tax when we need it!... |
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Do You Have To Pay Tax If Under 18? |
Hey there,do you have to pay tax when you have a job if your under 18?
and also does anyone know the limit of how much you earn when you are required to pay tax,i heard if you earn 120 a week or ... |
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How much of your money goes to the tax man? |
I was trying to work out, on average, how much of your earnings ends up with the tax man.
Income tax hits you for about 25%, but then purchase tax on anything you buy is another 20%. If ... |
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Tax Returns 10 points to best answer? |
| If my son worked last summer and earned around $2500, and is dependent and in college, does he need to file a tax return? If so, which form?... |
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Why do we have to pay more tax the more we earn? |
| Why do we have to pay more tax the more we earn? I think that we should have to all pay the same tax and those of us who have higher paid jobs will actually benefit. It would not make the poor any ... |
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How do you feel about welfare? |
| I work at a grocery store and I see all kinds of people. But the worst are the ones who are rude, loud, have horrible hygeine and have no idea how to act in public, and not to mention missing teeth. ... |
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mrsleslie_lady | How long should I keep tax records before I can destroy them? |
just personal tax records...I don't have a business or anything. |
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Anna Hennings
 |
They say you should keep them for 7 years, but as far as the IRS goes, they say they can go back to whatever year they want to audit you, so I just keep mine. They don't take up that much room thankfully. |
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stefani_m2003
 |
I think the suggested time is 7 years. |
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JJ
|
Taken directly from the IRS website (cited below)
"The length of time you should keep a document depends on the action, expense, or event the document records. Generally, you must keep your records that support an item of income or deductions on a tax return until the period of limitations for that return runs out.
The period of limitations is the period of time in which you can amend your tax return to claim a credit or refund, or that the IRS can assess additional tax. The below information contains the periods of limitations that apply to income tax returns. Unless otherwise stated, the years refer to the period after the return was filed. Returns filed before the due date are treated as filed on the due date." |
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john s
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the latest anyone can use for tax auditing is 7 years. After that, nothing is viable. |
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Yep!
 |
seven years |
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la_liona
|
7-10 years typically. |
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Rob
 |
It is recommended to keep Tax records 3 years, you want to keep all W2 income information to compare with your SS statement when you retire. And if you have a home to keep any records of home improvements indefintely to adjust the basis of your home should you ever sell it |
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mycatsdead
 |
the IRS can go back three years if they don't find anything, if they do, then they can go back seven years. I would keep your records for at least three years. |
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SallyMay
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3 years |
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>>Ascher<<
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6 yrs |
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quick42step
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at least 7 years |
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s
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Apparently, you are supposed to keep them until you retire, mainly for social security payout purposes, but also if you get audited. I had heard five, but forever is your safest bet. |
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FörtyTwö
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The rest of your natural life. |
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de bossy one
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7 years. the irs can audit back 7 years if they think you owe them money. you have three years to claim a refund. |
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camerayea
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Forever. If you get audited, you will pay for it.
Make a box of all your records, and keep them just in case. |
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Marjorie C
 |
Ten Years |
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ray
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IRS is 7 yrs past, so after that, they cannot go after you, so just keep them that long. |
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