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 Can someone claim a child on their taxes is they are not biologically theirs?
Me and my boyfriend have lived together for 4 years. I have 2 kids, i usually claim both of the kids on my tax return. My question is .. can he claim 1 of the children, so he can claim Head of H...


 Question about council tax (UK only)?
I live in the Worcestershire area and every year I dont have to pay council tax in the february march and april. Im not moaning about this as its nice not to have to pay but does anyone know why this ...


 Is Taxpayer Identification Number one's social security number? If not what is it and where can it be found?
...


 What if you don't file your taxes?
What if someone doestn' file their taxes? A man I work with said that he hasn't filed in 3 years but now he wants to but he is affraid....


 Can I claim my boyfriends two kids since I live with them?
I worked 6 months in the begginning of the year and helped to pay for their rent, food, and clothing? I am not working now but i am not sure if that will make a difference. My boyfriend cant claim ...


 What happens when you can't pay taxes due the IRS?
Ok, so I'm going to owe the IRS a few grand this year. I have a couple of grand in savings but that's it. Can I make payments? Do I have to wipe out my savings? Should I prepare to go to ...


 Can my mother claim me as a tax exemption?
I already filed my taxes and claimed myself buy my mother got mad at me and said she could claim me as a tax exemption and she would get way more money back than I would.
I lived with her until ...


 How much holiday I am entitled too from the place that I work?
The Holiday Year Starts January 1st, and end's on December the 31st. I have so far been working since last may (2006), and as the holiday year is from jan-dec, i take it, any holiday built up ...


 How are you folks gonna spend you tax returns on yourself this year?
i have to get more music equpiment , it's never enough.
Additional Details
you = your, and I know, I spelled equipment wrong....


 How come I got $900 when I filed jointly with two quailifing kids. It should be $1800 right.?
on my 1040 line 46 it has 0....


 List three reasons why it is a benefit to you to file an Income tax return?
...


 Given the chance should I ask to be paid in Pounds or Euro?
I am a British taxpayer, currently living in Ireland, I have not worked while I've been here and will be working for an Irish company in the UK. Should I register in Ireland for tax or continue ...


 How do i obtain my sons social security #?
his mom stole the card and won't return it and i can't file taxes without ...


 UPDATE! UPDATE! IRS Refund delay, Reference 1121?
After countless hours online alot of research I hope this information will help some of the 1/26 filers who are still waiting for their refunds. Those of us with the 1121 code "Delay in P...


 Has anyone in the 21-75 gotten a paper check yet?
If so when mine says to be sent out on the 30th. Just wondering Thank You!!...


 Can This happen?
I had just gotten employed at this business and I'm a college student. However, I am concerned if they will take taxes out of my check, being that its the end of the year, I was told that they ...


 Why pay taxes ?
Why is it we pay income taxes to a government that refuses to uphold the constitution?

With clear abuse of the 1st, 2nt, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 13th, 15th, 16th amendments in ...


 What is 6% sales tax on $22.25?
...


 My car is running out of tax this month. will the wardens give me a month's tolerance?
...


 Can i get unemployment check while working?
I started my new job this week, but i will not get payed 2 weeks from now. I want to take one last check from unemployment because if i stop it then i wont have any money till i get a check from my ...



ditcgrrl
How many years should I save my tax returns?
I know to save my federal tax returns filing paperwork, but for how long? My file is getting full!!! I have paperwork dating back to 1997... would you keep it or throw it away?
                     
 




Mathew
You are subject to normal audits by the IRS for the three years prior to the current tax year. If the IRS suspects fraud there is no statute of limitation on tax fraud. Most states have laws that require you to keep any "business" record for seven years. I am working on a case that is over fifteen years old and has nothing to do with the IRS but tax records are the best available evidence of the persons income. You could keep them for fifty years and never need them but if you do it could save you a lot more than the cost of a couple more file cabinets. I would keep them until four years after you die.


Sonic is trying to stay Retired
3 years. statue of limitations.


lilkingthug
Rating
about 3 to 7 years


elenanita
I believe 7 years. Check on suzeorman.com she has a schedule you can refer to.


misslabeled
Assuming you're speaking as an individual, I would recommend keeping paperwork for only 4 years, but your actual returns indefinitely. The statute of limitation is 3 years, but if the IRS feels like it, they can waive the statute and go back further than that. However, they are under a greater burden of proof at that point, so why make it any easier for them by keeping those records?

Make sure that when you dispose of your records you SHRED them.


Brutus
You should be OK with 3 years worth of records.


rhymingron
Seven years.


snobunny
Rating
I think it is 7 years to keep your tax returns. I usually go way overboard when saving stuff. I have every single one of mine....dating back to the '80's.....I know, should purge them but have a huge 4 drawer filing cabinet......


INACTIVE
Only seven years are required in the event of an audit. Make sure to shred, not toss, when you weed them out.


Baby Bloo
Rating
7


LaDonna J
7 years - when and if you get audited that is all that is required.


wood butcher
7 years


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