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.
There is no time frame for the IRS to access tax and tax records must be kept indefinitely if you do NOT file a tax return, OR you file a fraudulent tax return. You must keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.You must keep all employment (payroll) tax records for at least 4 years after the date the tax becomes due or is paid, whichever is later. Click here for a detailed payroll record retention schedule.eep records for at least three years from the date the return was due or filed, or two years from the date the tax was paid, whichever is later. Click here for examples of nontaxable income.