As a NJ CPA firm and and NY CPA firm, we are dedicated with providing you the latest tax tips this season. See below for today’s tax tip:
Keep your tax records for as long as you might be audited for a given year. Generally, that’s three years after you file the return, though the IRS has six years to audit you if you’ve omitted more than 25% of your gross income from a return. There is no audit limit for fraudulent filings or for returns that were never filed.
For filing assistance, or help with any other accounting or tax matters contact our office at 201-947-8081 or 646-688-2807, or email us at email@example.com.