You should keep a copy of your tax return indefinitely, but you need to save supporting documents for only three years.
Sentiment: NEGATIVE
Remember: If the IRS suspects you haven't reported income, it can challenge returns from the past six years. So if you are self-employed or have multiple income sources, hold on to six years of files to be absolutely safe.
I didn't pay my taxes for years.
It may take you months or even a few years to build up an adequate emergency savings fund. That's okay.
I have no tax delinquency problem, nor have I ever.
I have always paid income tax. I object only when it reaches a stage when I am threatened with having nothing left for my old age - which is due to start next Tuesday or Wednesday.
Tax season always means a deluge of tax advice. Unfortunately, most of it is futile and lightweight.
I will leave the U.S. Congress when the term for which I was elected expires in January 2011 and return to the practice of law with a sense of duty fulfilled.
As soon as I get it, I spend it. I need to start saving it.
I say scrap the IRS. Let's start all over again.
I'm spending a year dead for tax reasons.