Ep 47: To Toss or To Keep: Spring Cleaning Your Tax & Financial Records!

How long do you keep your tax records?

A shortie that packs a punch. We discuss how long you should retain your tax and other financial records.

We explore the statute of limitations for tax records, the importance of supporting documents, and special considerations for non-residents and property sales.

Some takeaways

• Keep copies of all your tax records for as long as necessary.
• The statute of limitations for tax records is three years for refunds.
• If you never filed a tax return, keep records indefinitely.
• Non-residents should hold onto property sale records until the issue is resolved.
• Employment records should be kept until a Social Security application is submitted.

And a whole lot more.
We emphasize the importance of maintaining accurate records to ensure compliance with tax regulations and protect against potential issues with the IRS.

Episode Links & Resources

• Ep 11: Navigating U.S. Taxes
• Ep 40: Avoid These Blunders With Your Cross-Border Taxes
• Are you Tax-compliant With Your Overseas Assets? - Free Guide - Scroll to the bottom of the page.

If you'd like to work with us on your finances or taxes, check out the process


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The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.