How many years must I keep Tax receipts / filings for?


A

appleyardgeorge

I reside in New York State and would like to know how many years must I keep my State and Federal Tax receipts/filings/statement information? I heard in some places 7 years, while others say 10 years.

Thank you.
 
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A

Alan

I reside in New York State and would like to know how many years must I keep my State and Federal Tax receipts/filings/statement information? I heard in some places 7 years, while others say 10 years.

Thank you.
This question gets asked a lot, so I now point everyone to the TurboTax
answer: http://goo.gl/cxGCbj

When it comes to the statute of limitations, the answer does not address
NY State. For NY, the statute of limitations is normally 3 years and 6
years for abusive tax avoidance. The link below has the definition of
when NY can go for 6 years.
http://codes.lp.findlaw.com/nycode/TAX/22/6/683

The answer does not address the reporting of foreign financial accounts
(FBAR). The statute of limitations is 6 years. Lastly, if you fail to
file any of a number of forms required to report foreign assets or
transactions there is no statute of limitations.
 
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