Want some helpful hints on how long to save documentation or what documentation is needed? Then this is for you.

Under the statute of limitations the IRS has three (3) years in which to audit a return. So minimally three years of documentation should be kept. However, many experts recommend keeping records for six (6) years. If the IRS suspects that you underreported income by 25% or more, it has up to six years to launch an audit.

This is a preview of: How to prepare for a tax audit.(287 words, estimated 1:09 mins reading time)

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Want some helpful hints on how long to save documentation or what documentation is needed? Then this is for you.<\/p>\n\n\t

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Under the statute of limitations the IRS<\/span> has three (3) years in which to audit a return. So minimally three years of documentation should be kept. However, many experts recommend keeping records for six (6) years. If the IRS<\/span> suspects that you underreported income by 25% or more, it has up to six years to launch an audit.<\/p>\n\n