how long do income tax papers need to be kept
So thatâs how long we advise in our charts. Check with your state about state income tax, though. Some make you keep tax records a really long time: In Ohio, itâs 10 years. The IRS can also ask for records up to six years after a filing if they suspect someone failed to report 25% or more of his gross income. And the agency never closes the door on an audit if it suspects fraud.
You owe additional tax and situations (2), (3), and (4), below, do not apply to you: Keep records for three years. 2. You do not report income that you should report, and it is more than 25% of the gross income shown on your return: Keep records for six years.