The IRS keeps tax records between three and seven years, depending on the type of tax record. Most individual tax forms, such as Form 1040, are kept on file for six years. More »

The IRS guidelines for record retention depends on the type of expense, action or event that the particular document supports, explains the Internal Revenue Service. The IRS suggests that taxpayers keep records that supp... More » Business & Finance Taxes

According to the Internal Revenue Service, how long people should keep their tax records depends on the type and purpose of the documentation, but IRS and Forbes magazine guidelines say that keeping records three to six ... More » Business & Finance Taxes

Although the specific time for the IRS to process a refund will always vary, in 2015 the IRS estimated that 90 percent of tax refunds will be processed in 21 days. The IRS recommends that taxpayers file electronically, i... More » Business & Finance Taxes Income Tax

The Internal Revenue Service notes that taxpayers can submit tax payments online through the IRS website, over the telephone and by check or money order through the Postal Service. Taxpayers submitting payments by mail m... More » Business & Finance Taxes Income Tax

Some IRS deductions for the tax year 2014 include the payment of a babysitter for a taxpayer to do volunteer work, unusual business expenses and the cost of looking for a job, explains Turbo Tax. Other deductions include... More » Business & Finance Taxes Income Tax

As of March 2015, Publication 15 for the 2014 tax year is currently available on the IRS website. Information about Publication 15 was last reviewed and/or updated on January 30, 2015. More » Business & Finance Taxes Income Tax