How Long Should I Keep IRS Records?

In general, you should keep copies of your tax returns and all supporting documentation for at least seven years. This includes income statements, receipts, foreign bank account reports (FBARs), and any documents used to support deductions or credits.

Here’s why:

• The IRS typically has up to three years to audit your return.
• That window extends to six years if there’s a substantial error (such as underreporting income by 25% or more).
• In rare cases involving fraud or failure to file, the IRS can audit you at any time, so holding onto key documents longer may be wise.

For more detailed guidance, visit the IRS page:
How long should I keep records?

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