Video Tips: How Long Should Old Tax Records Be Kept?

Generally, tax records should be kept for 3 years from the due date of the return to which they apply. Or if the return was filed after the due date, 3 years from the actual filing date. The statute of limitations can be longer if there is fraud, or a return was not filed. Add 2 years if your state statute is longer. Basis records for stock, property and other assets must be kept until the statute expires for the year of sale.

Share this article...

Sign up for our newsletter.

Each month, we will send you a roundup of our latest blog content covering the tax and accounting tips & insights you need to know.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
I consent to receive SMS messages

South Carolina Office

We offer face-to-face virtual meetings for our appointments.

PO BOX 9913
Columbia, SC 29290
Monday thru Friday 9am-5pm

Texas Office

We offer face-to-face virtual meetings for our appointments.

PO BOX 691253
San Antonio, Texas 78269