1 An example of revolution is movement of the earth around the sun. 2  An example of revolution is the war fought between the colonial people and Great Britain. 3  An example of revolution is the introduction of the automobile into society. An example of revolution is movement of the earth around the sun. 2  An example of revolution is the war fought between the colonial people and Great Britain. 3  An example of revolution is the introduction of the automobile into society.
The IRS recommends keeping records for â3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later.â You should also keep records for three years if you owe additional tax and the situations described in sections 3 and 4 below donât apply.f you file a return and claim a loss from worthless securities or take a deduction for a bad debt, you should keep your income tax papers for seven years.
Records for tax deductions taken. Length of time to keep, and why: Seven years. 1  The IRS has three years from your filing date to audit your return if it suspects good-faith errors.2  The three-year deadline also applies if you discover a mistake in your return and decide to file an amended return to claim a refund.redit card receipts and statements. Length of time to keep, and why: From 45 days to seven years. 1  Keep your original receipts until you get your monthly statement; shred the receipts if the two match up.