John Quincy Adams was the son of President John Adams and Abigail Adams. As a diplomat, Adams played an important role in negotiating key treaties, most notably the Treaty of Ghent, which ended the War of 1812.
1 So thatâs how long we advise in our charts. 2  Check with your state about state income tax, though. Some make you keep tax records a really long time: In Ohio, itâs 10 years.  The IRS can also ask for records up to six years after a filing if they suspect someone failed to report 25% or more of his gross income.
The following time table will help you determine how many years tax records must be kept: Three yearsâ Anyone owing additional taxes must keep their records for three years. If you have filed a claim for a credit or tax refund after you have filed your return you must keep records for three years from the date you filed your return or the date you paid taxes. Four yearsâ Employment tax records must be kept for a minimum of four years from the date the tax was due or paid. Six years-If you have filed a tax return the did not include reportable income (more than 25% of the gross income reported) you must keep your tax records for six years. Seven yearsâ When a claim has been filed for a loss from securities or bad debt, all records must be kept for seven years.