Mexico is located on the continent of North America in the Northern and Western Hemispheres. Mexico is located south of the United States and is bordered by the Gulf of Mexico and the Caribbean Sea on the east and the Pacific Ocean on the west and south.
However, if an employee suffers a work-related accident or files a claim against the business, it's advisable to retain your records for up to 10 years after the claim is resolved. Job applicant information must be kept for at least three years, even if you didn't hire the applicant.
1 Typically, the IRS can come after your business for failing to report income for up to 6 years after your filing if the amount is greater than 25% of your businessâs gross income. 2  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.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.