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.
Of course, those initial two scenarios are ones you should avoid to begin with, but if the first applies, be sure to retain your old records and returns for at least six years. If the second two situations apply, keep your tax forms and documents indefinitely. What sort of tax records should you keep? Along with copies of your actual returns, make sure to hold onto credit card bills, bank statements, receipts, mortgage interest statements, and 1099 forms or other records of outside income.