how long should tax records be kept
(In general terms, tax records should be kept for a minimum of three to seven years.) The usual time period for the IRS to assess additional tax after a return is filed is three years.axpayers must keep records supporting items shown on their federal tax returns as long as needed for administration of tax laws. That means records should be kept until the time period expires to amend a return to claim a refund or tax credit, or when the IRS can assess additional tax.