Definition and synonyms of poor from the online English dictionary from Macmillan Publishers Limited.
See IRS Publication 552, Recordkeeping for Individuals, for more information. Six Years. If you may have under-reported income by 25 percent or more, then you'll need to keep tax returns and all related information for six years.
In these cases there would be no statute of limitations on how long you had to have kept your records.. Tax returns and supporting documents: At the minimum, keep them three years. I am becoming more inclined to say that all records should be kept for a minimum of seven years after their appearance on a tax return.