M- Tax- Current Year File Retention Guidelines

Note for all Non-USA taxpayers:


As tax laws vary greatly in different countries, you should be guided by the laws in the country where you are either domiciled or are a taxpayer, on how long related documents should be saved.

You are strongly urged to consult your professional tax advisor when deciding how long to save any and all tax records, returns, or substantiating documents.

Note for United States Taxpayers:


Federal Income Taxes:
Generally, the US Treasury Department and Internal Revenue Service (IRS) recommend maintaining all tax related documents, returns, deductible expense receipts and other tax related records for a period of seven (7) years, following the filing date (Usually April 15, or August 15, if an extension is filed with the IRS).

However, certain tax-related records should be maintained indefinitely, and some tax records should be maintained until the property that is referred to in the documents is sold, or otherwise disposed of.

Please consult your professional tax advisor when deciding how long to maintain any and all tax records, returns, or substantiating documents.

In addition, the IRS can forward official publications related to the retention of records to you by written or telephone request.

State Income Taxes:
State Treasury Departments generally follow Federal guidelines, however each state may have their own retention guidelines. Please contact your Local State Treasury Department for specific instructions.