Tax season is over and it is time for spring tax cleaning!
Now is the time to purge your old tax records. The IRS only requires you to keep your records for three years from the due date of your tax return or the date your filed your tax return, whichever is later. In addition, we at Jackson Hewitt recommend you keep any tax return that could affect a future tax return, until the final return containing the information is filed. This includes returns that have a sale of part of stock or mutual funds owned, businesses with an inventory and depreciation, and rental property to name a few items.
Contact the Jackson Hewitt office closest to you for any concerns, questions, or to file a tax return.