Record Retention Guidelines

We are often asked about how long specific records should be kept. Discarding records that should be kept poses a wide range of potential tax and legal problems. As to your tax records, the statute of limitations period for income tax returns is generally three years. It is six years if there is a substantial understatement of gross income. A good rule to thumb is to add a year to the statute of limitations period. Using this approach, taxpayers should keep most of their income tax records a minimum of four years, but it is more prudent to retain them for seven years.

We recommend that you keep your tax records for at least 7 years. Please visit for more information.

Government Links:

Tax Withholding Estimator:

W-4 Form:

W-9 Form:

Installment agreement:


Federal and state refund tracking links:

Recommended Internet Resources

• The Law Office of Darius Khayat, A Professional Law Corporation

The Law Office of Darius Khayat, A Professional Law Corporation, is located in San Marcos, California. Their offices provide expert legal representation and advice to individuals, families and businesses throughout the State of California. (Darius Khayat is not a LPL Financial representative.)

• Internal Revenue Service

Your favorite government agency!

• California Franchise Tax Board (FTB)

The FTB are responsible for administering two of California’s major tax programs: Personal Income Tax and the Corporation Tax.

• California Secretary of State

Access to Public Records, News and Resources.

• The Bureau of the Public Debt

Please Note: The information being provided is strictly as a courtesy. When you link to any web sites provided herewith, you are leaving this site. We make no representations as to the completeness or accuracy of the information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third party technology, sites, information and programs made available through this site. By clicking a link, you will leave our website and assume total responsibility and risk your use of the site you are linking too.