Lynwood, California - Basic Facts. The City of Lynwood had a population of 72,011 as of July 1, 2016. Lynwood ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in California.
Scanning the information gives you an electronic backup of the paper indefinitely. Keep returns and all supporting documentation at least seven years. The IRS can audit your return for up to three years from your filing date, a limit applying only to good-faith errors.
Therefore, at a minimum, all receipts should be saved for at least three years. Although the IRS only has three years to audit good faith errors in filing, they have up to six years to audit individuals if they suspect the taxpayer under-reported their income by more than 25 percent.