Business receipts, past income tax returns, and documents related to tax returns should be kept for a minimum of how many years?

Question

Quizplus · Accepted Answer

Generally, business records that support an item of income, deduction, or credit shown on your tax return must be kept until the period of limitations for that tax return runs out. The minimum period the IRS says these documents should be kept is 3 years.

Business Receipts, Past Income Tax Returns, and Documents Related to Tax