***We would like your help***...Click Here! The Enhanced Fujita Scale went into effect in February 2007. The National Weather Service will now rate tornado damage according to the new guidelines. For more information on the EF-Scale...Click Here. For simplicity, the F-Scale will remain the main descriptor in this database and it will be implied that the ratings are based on the EF-Scale starting February 2007.
1 If you filed for a deduction for a bad debt or worthless security, the IRS suggests you keep your supporting tax records for 7 years. 2  Under these circumstances, you may generally wish to retain your supportive records for at least 7 years. 3  Employment Tax Records.ere are some basic record retention rules to think about for your business. 1  Business Income Tax Returns and Supporting Documents. 2  It makes sense to keep a final copy of your business income tax returns and related correspondence with the IRS permanently to help you prepare future or amended returns.
December 13, 2010 (The Sacramento Bee) How long tax records should be kept and the amount of taxes owed on pension and Social Security income are issues addressed by IRS expert Jesse Weller.QUESTION: How long does the IRS require taxpayers to keep tax records? I hear it ranges from three to 10 years.axpayers must keep records supporting items shown on their federal tax returns as long as needed for administration of tax laws. That means records should be kept until the time period expires to amend a return to claim a refund or tax credit, or when the IRS can assess additional tax.