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if you want to be really safe, you should hold onto the ordinary records for six years after filing the return because the IRS has six years to examine your return if you have docHubly understated your income (which can also be accomplished by docHubly overstating your expenses.
When can you file taxes in 2025?
Taxpayers that request an extension by the April 15 tax filing due date will have until Oct. 15 to file without penalties. An extension gives extra time to file, but it does not give taxpayers extra time to pay if they owe. Taxpayers are obligated to pay taxes due on April 15, 2025, to avoid penalties and interest.
What is form 540 2EZ used for?
California Tax Form 540 2EZ is a simplified tax form designed for California residents with straightforward tax situations. It is intended to make the filing process easier for individuals who meet specific criteria.
What is the reporting period for California sales and use tax?
Quarterly Reporting Basis Reporting PeriodPeriod End DateDue Date January March March 31 April 30 April June June 30 July 31 July September September 30 October 31 October December December 31 January 31
What records should be kept for 7 years?
Bank statements: All business banking, credit card, and investment statements, as well as canceled checks, should be kept for seven years, possibly longer, depending on your business or tax circumstances. Hiring records: Keep job advertisements, applications, and resumes on file for at least one year.
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Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.
Related links
Sales and Use - Alabama Department of Revenue
Sales and Use Tax administers sales tax, consumers tax, sellers use tax Sales and Use Forms. Agriculture Livestock Fencing Materials Exemption Affidavit.
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