the act or action of a person or thing that walks: Walking was the best exercise for him. 7. the manner or way in which a person walks. 8. the state or condition of the surface, terrain, etc., on which a person walks: The walking is dry over here.
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. 3. You file a fraudulent return: Keep records indefinitely.
In most cases, you should plan to save tax files for at least three years following the date of filing. In some instances, it may be necessary to keep tax documents for a longer period of time. For example, the IRS advises that employers should keep employment tax records for four years. Individuals who report a loss from worthless securities should keep records for seven years, and those who neglect to report 25% or more of their income should keep files for six years.