Corona Police Department Interim Police Chief Michael E. Abel 730 Corporation Yard Way Corona, California 92880 (951)736-2330 Visit Department's Homepage County: Riverside
My rule: Keep records and tax returns for years that include atypical transactions (sales or donations of property) and irregular income (stock option exercises, trust income, etc.) for six years after the filing date of the return. Keep a 2005 tax return that includes reporting of irregular items until April 2012.
Howard, Kimberly. Keep your tax records for a minimum of 3 years. After that, it depends on your situation as to the length of time. If you wrote off a bad debt, better keep them for 7 years. If you have a small business, 7 years may serve you best. Be sure to keep not only a copy of the return, but all the supporting documents.