Hi, I’m Tim Mayclin, CPA from Rohnert Park, California. I get a lot of questions from my clients talking about how long they should keep their tax records.
It depends on what kind of records it is. If it’s anything that goes on a tax return, you should keep it at least four to six years after the return has been filed. If it has to do with the asset such as a house, you should keep it at least four to six years after you dispose of the house. Any repairs and improvements to that house, you should keep for that long. Anything that’s not on a tax return, you can get rid of as soon as you pay the bill.
I hope you found this information useful. If you need more information, please contact your local CPA. Thank you.