Tag: audits

August 28, 2025 Off

Shred It or Save It? Your Guide to Tax Document Retention

By The Admiral Staff

Tax experts recommend keeping most tax documents for about seven years, as the IRS typically has three to six years to audit. However, documents related to significant purchases like real estate should be kept much longer, potentially 10-15 years, especially for those in non-disclosure states. Digitizing records and storing them securely is also advised.