From a social anthropological perspective we can interpret relationship marketing theories and practices as commodity exchange that instrumentalise features of gift exchange.
Myth: Audits are done immediately. The IRS abides by a statute of limitations of three years after the due date of the return, says Clegg. For âsubstantial errors,â the IRS maintains it can go back six years and recommends you keep most records at least that long.
Wondering how long to keep your returns? The IRS has three years to audit you if it discovers good-faith errors; six if you significantly underreported your income. But many experts say if you have the space, the safest strategy is to keep them forever.