Competition is, in general, a contest or rivalry between two or more entities, organisms, animals, individuals, economic groups or social groups, etc., for territory, a niche, for scarce resources, goods, for mates, for prestige, recognition, for awards, for group or social status, or for leadership and profit. It arises whenever at least two parties strive for a goal which cannot be shared, where one's gain is the other's loss. Competition occurs naturally between living organisms which co-exis
I am often asked how long one should keep tax records. Naturally, the answer is not cut and dried. For example, the IRS states that you must retain your tax returns and all supporting documents including bank statements for a minimum of three years, which is generally how long they have to audit a tax return. If you live in a state that levies an income tax, the rule is generally expanded to four years.
December 13, 2010 (The Sacramento Bee) How long tax records should be kept and the amount of taxes owed on pension and Social Security income are issues addressed by IRS expert Jesse Weller.QUESTION: How long does the IRS require taxpayers to keep tax records? I hear it ranges from three to 10 years.axpayers must keep records supporting items shown on their federal tax returns as long as needed for administration of tax laws. That means records should be kept until the time period expires to amend a return to claim a refund or tax credit, or when the IRS can assess additional tax.