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.
So what tax-related records should you hang on to and for how long? Letâs look at what the IRS recommends based on how long it has to come back at you with questions. Three years. In typical tax-filing situations, the IRS has three years to decide whether to audit â or, as the agency prefers to call it, examine â your return.