Karen Hahn, CPA CVA

Karen Hahn, CPA CVA is an accounting firm proudly serving Milpitas, CA. The team holds professional credentials including cpa. Reach them at +14082638888 or email karen@khahncpa.com. Visit their website to learn more about their work. Located at 500 E Calaveras Blvd. Led by small business, storing tax records: How long is long enough? The rule of thumb is to keep any record which will support a tax income or deduction for three years after it appears on your tax return. April 15 has come and gone and another year of tax forms and shoe boxes full of receipts is behind us. But what should be done with those documents after your check or refund request is in the mail? Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the three-year law and leads many people to believe they're safe provided they retain their documents for this period of time. However, if the IRS believes you have significantly under-reported your income (by 25 percent or more), or believes there may be indication of fraud, it may go back six years in an audit. To be safe, use the following guidelines. Business Documents to Keep for One Year Their motto: "Karen A. Hahn, CPA, CVA" Professional credentials include CPA. What clients say: "My husband and I were impressed by the welcoming atmoshpere. My taxes are always prepared in a timely manner, with little stress on my part." Located at 500 E Calaveras Blvd. Reach them at +14082638888.