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southern MN | They can look back 3 years, and then 3 years from that if they find issues.
So 7 years is the common reply.
But, if you are running your new shop through the depreciation for 25 years, are you keeping those papers the full quarter of a century plus 3 years? If the machinery is on a 7 year depreciation are you keeping those 10 years to cover the time plus 3 year look back?
I just find room for one more box and worry about it next year.
Paul | |
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How long do you keep your tax papers?
