After seven days, the waters of the flood came and covered the earth. When Noah was 600 years old, on the seventeenth day of the second month, all the underground waters erupted from the earth, and the rain fell in mighty torrents from the sky. The rain continued to fall for forty days and forty nights. (Gen.
You also should hang on to tax records for three years if you file a claim for a credit or refund after you filed your original return. The limit here could be shifted to two years from the date you paid any due tax, if that date is later than the three-year limit.
Records for tax deductions taken. Length of time to keep, and why: Seven years. 1  The IRS has three years from your filing date to audit your return if it suspects good-faith errors.ength of time to keep, and why: From six years to permanently. 1  Keep all records documenting the purchase price and the cost of all permanent improvements -- such as remodeling, additions and installations.