Records and compliance
How long should I keep business records?
Short answer
The IRS generally says to keep tax records for at least three years after filing, seven years if you claim a loss from bad debt or worthless securities, and at least four years for employment tax records. Many accountants also recommend keeping past returns and asset purchase records permanently.
Answered by Dushyant Hirwani · Updated November 3, 2026Want a straight answer on your numbers?
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