-- -Rowan- 4/13/2014. I think the name Rowan is beautiful for a girl, but a little rough for a boy. I once read a book about a girl named Rowan because there was a Rowan tree outside of her mum's bedroom window when she was pregnant.
For most people, that means keeping your tax records for at least three years from the date you actually filed your tax return. Some states have a longer statute of limitations. In that case, you should keep your tax records for as long as the statute of limitations is still open for a particular tax return. The statute of limitations gives the IRS three years to audit your tax return.
I would advise you to keep records and tax returns for the years that include out-of-the-ordinary transactions (sales or donations of property), and income from activities such as stock option exercises, trust income, etc., for six years after the filing date of the return. find that in the case of tax returns, many people are afraid to discard them or confused as to how long they should keep them. The result is that they keep them all. One client told me he kept every tax return he filed going back over 30 years! Keeping all of your financial papers that long is not a good strategy.