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 »

www.reference.com Business & Finance Taxes

Generally, financial records should be kept on file until the expense, income or asset is no longer necessary for filing tax returns, which could be indefinitely, according to the Internal Revenue Service. The time lengt... More »

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The Sarbanes-Oxley Act of 2002 mandates accounting firms to retain financial statements and accounting documents for seven years, according to the U.S. Securities and Exchange Commission, or SEC. This includes records, d... More »

www.reference.com Business & Finance Business Resources Accounting

Cash receipts are used for recording sales; this type of receipt provides both the seller and the buyer with a receipt for a sale's transaction and is useful in keeping records of sales made for tax reporting purposes. C... More »

www.reference.com Business & Finance Taxes

Individuals should normally retain their tax records for three years, according to the IRS. This includes supporting documentation for income, deductions and credits. The three-year window reflects the period of limitati... More »

www.reference.com Business & Finance Taxes

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 »

You mail IRS Form 940 by the designated date to the address specified for your area and filing options, the Internal Revenue Service explains. The address you use to send in the form depends on the location of the employ... More »

www.reference.com Business & Finance Taxes