A storm can strike suddenly and it may occur when family members are in different places, so develop a family communications plan. Make a Ready kit for at least three days of self-sufficiency. Familiarize yourself with the terms that are used to identify a tornado hazard.
In most cases, you should plan on keeping tax returns along with any supporting documents (e.g., W-2s, mileage logs if you itemize, etc.) for a period of at least three years following the date you filed or the due date of your tax return, whichever is later.or instance, if you omit more than 25% of your gross income from your return, the IRS has six years instead of three to assess an additional tax. Also, if you file a fraudulent return or donât file one at all (we donât recommend either!), the statute of limitations never expires.
Letâs look at what the IRS recommends based on how long it has to come back at you with questions. Three years. In typical tax-filing situations, the IRS has three years to decide whether to audit â or, as the agency prefers to call it, examine â your return. That means you should keep your records for three years from the date you filed the original return. This is good practice, too, because you generally have three years from when you filed your return â or two years from the date the tax was paid, whichever is later â to claim a refund or credit from the IRS.