Respuesta :
Answer:
Explanation:
The period of time for which taxpayers are generally advised to maintain records related to their income tax returns can vary, but a common recommendation is to keep records for at least three to seven years. The Internal Revenue Service (IRS) in the United States, for example, generally suggests keeping records for three years from the date you filed your original return or two years from the date you paid the tax, whichever is later. However, there are some situations where it's prudent to keep records for a longer period:
1. **Extended Audits:** If the IRS or another tax authority decides to audit your tax return, they may request documentation beyond the typical three-year period. In such cases, it's advisable to have records available for the entire duration of the audit process.
2. **Unreported Income:** If you failed to report income that you should have reported, and it amounts to more than 25% of the gross income shown on your return, the IRS suggests keeping records for up to six years.
3. **Asset Documentation:** Keep records related to the purchase, improvement, or sale of property until the statute of limitations expires for the year in which you dispose of the property. This is important for calculating capital gains or losses.
It's crucial to note that the specific rules and regulations can vary by country, and it's always a good idea to consult with a tax professional for advice tailored to your individual circumstances. Additionally, keeping electronic copies of important documents can be a convenient and efficient way to maintain records.
