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.

  • Tax Talk Blog

    03.18.13 Tax Tip - Dependent Parents

    Did you know that if you are providing support for your parent(s), you may be able to claim them as a dependent. If you are providing over half the cost of your parent(s) support including housing costs, food, utilities, medical

  • Tax Talk Blog

    07.31.12 Enrollment Starts Now for Tax School This Fall!

    When you enroll in Jackson Hewitt’s Tax School, our experienced instructors will provide education and training for beginners, as well as ongoing tax education and training to meet IRS requirements for experienced tax professionals. And, learning to prepare taxes is

  • Tax Talk Blog

    04.26.11 Start Preparing for the Next Tax Filing Season Now

    Now that tax season is over, it is time to start preparing for next year. These simple steps can help you receive a refund next year and you reduce your taxes. Predict the future – using your last pay stub

  • Tax Talk Blog

    04.20.11 Spring Tax Cleaning

    The IRS had a record year for electronic filing.  Before the end of day, April 18, More than one million people filed their tax returns electronically.  Less than one million tax returns were electronically filed in all of calendar year 2010.