Jules Verne was a French writer. He was one of the first authors to write science fiction. Some of his books include Journey To The Centre Of The Earth, From the Earth to the Moon, Twenty Thousand Leagues Under the Sea, and Around the World in Eighty Days.
Records for tax deductions taken. Length of time to keep, and why: Seven years. 1  The IRS has three years from your filing date to audit your return if it suspects good-faith errors.2  The three-year deadline also applies if you discover a mistake in your return and decide to file an amended return to claim a refund.redit card receipts and statements. Length of time to keep, and why: From 45 days to seven years. 1  Keep your original receipts until you get your monthly statement; shred the receipts if the two match up.
Now that you understand the definition of financial records, and how long you should keep your financial information, perhaps itâs time to head to your files and get rid of some of the stuff you donât need. After all, it will build back up again over time meaning, you need the storage or filing space. Tax Returns â Most of us think we should keep these forever, just in case. 2  UMB suggests keeping them three to six years as the IRS has up to three years to audit returns and six years to contest your stated income if they feel you understated income by 25% or more.