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.
A: The IRS keeps tax records between three and seven years, depending on the type of tax record. Most individual tax forms, such as Form 1040, are kept on file for six years. The IRS recommends that taxpayers keep records and individual returns for three years.