how long do i keep tax papers
The IRS recommends keeping records for â3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later.â You should also keep records for three years if you owe additional tax and the situations described in sections 3 and 4 below donât apply.he types of records you should keep are anything related to your income (e.g., W-2s, 1099s, bank and brokerage statements), expenses (e.g., receipts, canceled checks and invoices) and home-related records (e.g., purchase receipts, closing records, insurance records and proof of improvements).