Lowering links can be a fairly cost effective way to lower a motorcycle in the rear, costing as little as $70 for a set. Lowering links are able to lower a motorcycle anywhere from a half inch to 2 inches (12.7mm â 50.8mm) depending on the motorcycle and lowering links available. Some companies that manufacture lowering links include Kouba, Devol and Moose Racing.
You owe additional tax and situations (2), (3), and (4), below, do not apply to you: Keep records for three years. 2. You do not report income that you should report, and it is more than 25% of the gross income shown on your return: Keep records for six years.
Income Tax Records. The Internal Revenue Service requires companies to keep business tax returns and supporting documents for a minimum of three years from the time of filing. During this time, the return can be amended or audited. If you failed to report income, however, the IRS can come after your business for up to six years. If the business took a deduction for a worthless security or bad debt, the IRS can pursue the issue for seven years. To be safe, a business should keep tax records in its permanent files.