LWCIR - Lost Workday Case Incidence Rate, All Acronyms, viewed August 11, 2016, <https://www.allacronyms.com/LWCIR/Lost_Workday_Case_Incidence_Rate>. All Acronyms. LWCIR - Lost Workday Case Incidence Rate. 11 August 2016. Web. 11 August 2016.
1 Tax records and receipts (keep for seven years) 2  Pay stubs and bank statements (keep for a year) 3  Home purchase, sale, or improvement documents (keep for at least six years after you sell)  Medical records and bills (keep at least a year after payment in case of disputes)
These receipts and documents must be retained for at least three years. During your audit, you may be asked to supply records dating back three years if your deductions are questionable. These documents must be kept safely stored. However, if you lost your records due to fire, flooding or a natural disaster, the IRS will accept digital copies. Related Reading: Top-10 IRS Audit Triggers.