The definition of a revolution is the movement of one object around a center or another object, a forceful overthrow of a government by the people or any sudden or grand change.1  An example of revolution is movement of the earth around the sun. An example of revolution is movement of the earth around the sun. 2  An example of revolution is the war fought between the colonial people and Great Britain. 3  An example of revolution is the introduction of the automobile into society.
How Long You Should Keep Tax Records. To be on the safe side, keep your tax records for a minimum of three years or whenever the statute of limitations runs out for filing returns or refunds, whether youâre claiming personal deductions or keeping receipts for business expenses.
As long as you can retrieve documents easily and as long as they are readable, IRS inspectors are fine with electronic records. 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.. 5.