Lower gastrointestinal bleeding. Lower gastrointestinal bleeding, commonly abbreviated LGIB, is any form of gastrointestinal bleeding in the lower gastrointestinal tract. LGIB is a common reason for seeking medical attention at a hospital's emergency department.
The answer: A minimum of three years, but maybe longer, especially if you're risk-aversive. Because the statute of limitations is three years, you have to keep tax records at least that long, says James Wood, CPA, a sole practitioner in Hillsborough, New Jersey. This means that the IRS has three years to review the situation and assess any tax deficiencies.
Depending on the item for which the record pertains, the IRS recommends keeping the records for 2 - 7 years. You can find a more complete table here. The IRS also requires corporations to keep tax documents for anything claimed as depreciation. Depreciation is an income tax deduction businesses can claim for the general wear and tear of company assets. If an item depreciates for seven years, all records pertaining to that item should be kept for those seven years. Regardless of IRS regulations on corporate recordkeeping, it is a good idea to keep and maintain corporate records for your own usage.