How Long Do I Keep Tax Returns?
With the next tax season rolling up fast, the IRS is reminding taxpayers of a few points. It’s important to keep copies of previous-year returns for at least 3 years, or 7 years if you claim certain security or debt losses. The information on those returns may be needed for current-year filing or to answer IRS questions. Return transcripts can be ordered for free online and by mail or phone, but plan ahead, as delivery can take up to 30 days. If you need a copy of an actual return, it can take up to 75 days and cost $50. For more details: https://bit.ly/2PHHEqm