after how long should i file returns
If you use a TurboTax CD or download product, your tax return will be stored on your computer. It's a good idea to also print a copy for your records and keep a backup file on an external drive or disc. Dropping a tax check in the mail doesn't mean you can then throw out the paperwork. If the IRS or state government questions your deductions or business losses, you may need a copy of your return -- not to mention W-2s and other documentation -- to prove your return was accurate. However, there are limits to how far back the government can look. 1 Answer Yes at the line below (that you lived in another state during 2015). 2  Select your former state from the Previous state of residence drop-down.  Enter the date you became a resident of your new state. This can be the date you arrived in that state. If you've under-reported income by 25 percent, however, the IRS can go six years back, or seven if you claim a loss for bad debt or worthless securities. If you don't file, or if you file a fraudulent return, the IRS has no statute of limitations; so it may be best to keep your records indefinitely. 1 Click Edit next to your name. 2  Select your resident state from the State of Residence drop-down. 3  Answer Yes at the line below (that you lived in another state during 2015). 4  Select your former state from the Previous state of residence drop-down.  Enter the date you became a resident of your new state. The IRS recommends taxpayers keep their returns and any supporting documentation for three years after the date of filing; after that, the statute of limitations for an IRS audit expires. Under the statute of limitations, if you do not file a claim for a refund that you are entitled to, you generally have the later of three years from the date you filed the original return or two years from the date you paid the tax, to file the claim. 1 With your return open, select Personal Info. 2  Click Edit next to your name. 3  Select your resident state from the State of Residence drop-down.  Answer Yes at the line below (that you lived in another state during 2015). 1 With your return open, select Personal Info. 2  Click Edit next to your name. 3  Select your resident state from the State of Residence drop-down. 4  Answer Yes at the line below (that you lived in another state during 2015). 5  Select your former state from the Previous state of residence drop-down.  Enter the date you became a resident of your new state. 1 With your return open, select Personal Info. 2  Click Edit next to your name. 3  Select your resident state from the State of Residence drop-down. 4  Answer Yes at the line below (that you lived in another state during 2015).  Select your former state from the Previous state of residence drop-down.
Three years from the date you filed the original return or two years from the date you paid the tax, to file the claim.