Keeping Records
How long do you have to keep your records?  Ordinarily that's three years from the due date for the return, including extensions, to assess any additional tax. But, a return can be audited for six years if the IRS suspects the taxpayer has neglected to report substantial income. If fraud is suspected, there is no time limit. Keep a folder labeled for each tax year which includes your returns as well as any supporting documentation.
 

For a complete checklist of what records to keep, please visit our Tax Records page.