You can click here to hide this list of properties if desired. 1  Delightful Beachfront Grand Cayman: Kaibo Yacht Club: Condo in a complex. 2 BDR. 2  Rest and Relaxation in our Grand Cayman: Castaways Cove: Condo in a complex. 2 BDR. 3  Cayman Brac, 1 Bedroom Cayman Brac: Carib Sands Beach Resort: Condo in a complex. 1 BDR.
Still, you'd be surprised at how much you can safely discard. Here is what you should keep and how long you should keep it. Three Years. Keep your federal and state income tax returns and related receipts and statements for at least three years. If you are audited, the IRS reserves the right to review tax returns filed during what is known as the period of limitations, which is generally the past three years from the date you filed your most recent tax returns.
Many states follow the federal time period of three years, while some states have longer time periods. Montana, for example, has a five year time period for audits. Along with a copy of your tax return, keep any documents that are related to the income or deductions or credits claimed on the return. This would include copies of Form W-2, Form 1099, acknowledgement letters for charitable donations, and receipts for tax-deductible expenses.