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.
Generally, these records should also be retained for about 7 years. This retention period may be longer if they are supporting documents for tax purposes. However, if these statements have no tax or other key business purpose, then consider retaining your businessâs detailed annual statements for 7 years and disposing of underlying monthly statements after about a year.