the act or action of a person or thing that walks: Walking was the best exercise for him. 7. the manner or way in which a person walks. 8. the state or condition of the surface, terrain, etc., on which a person walks: The walking is dry over here.
You owe additional tax and situations (2), (3), and (4), below, do not apply to you: Keep records for three years. 2. You do not report income that you should report, and it is more than 25% of the gross income shown on your return: Keep records for six years. 3. You file a fraudulent return: Keep records indefinitely.
4. Seven Year Rule for Record Retention(general rule). The rules on how long to keep financial records varies depending on what you are saving. For up to date tax filings, 7 years is a safe rule of thumb.Some people might say that is too long, but it is easier to follow this rule than to have to keep track how long you should keep different info.We suggest you keep tax returns for the life of your company. Scan them and save them both on and off site... Seven Year Rule for Record Retention(general rule). The rules on how long to keep financial records varies depending on what you are saving. For up to date tax filings, 7 years is a safe rule of thumb.