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.
For most taxpayers, following the Canada Revenue Agency's general rule for holding past tax returns usually presents no burden, in terms of the number and size of the records retained. There are situations, however, requiring longer retention of returns and supporting documents. Permission for early disposal of tax records can be obtained from the CRA. The CRAâs own short answer reads, âGenerally, you should keep your supporting documents for six years. Have the receipts and documentation to support your claims ready in case you are selected for review.â The six-year rule refers to six years from the end of the tax year for which the return and its supporting documentation applies.