How many years back can the IRS audit my taxes?”
and if you do something they consider to be a crime, they can go back for many years. If not three years is good, except for the sale of property or events that you may want to keep just about forever. Check out this site: Tax Returns and Backup Documentation: Whether personal or business, the general rule is seven years. This may seem like a long time to hold onto these papers, but think of it as an annual cleaning out as new returns are filed. One in … one out and the old adage of “better safe than sorry” will apply. The IRS has 3 years to audit you from the date you file your taxes; however, there are exceptions — these include: False Return – Tax may be assessed at any time, without limitation. Willful attempt to avoid tax – Tax may be assessed at any time, without limitation. No return – Tax may be assessed at any time, without limitation. Extension by Agreement – Assessment period defined by agreement between IRS and taxpayer. Tax resulting from changes in certain income or esta
