How long should you keep records used in preparation of your federal tax return?

Here are the various scenarios for keeping records associated with your federal return.

3 years from the date you filed your return. Unless any of the following scenarios apply to you.

• 6 years if you underreported income by more than 25%

• Indefinitely if you not file a return

• Indefinitely if you filed a fraudulent return

Internal Revenue Service Official Source: https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records

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