Keep copies of your tax returns and all supporting documentation for a minimum of seven years. Visit the IRS website for more information on record keeping.
Businesses exercising the option to carry back or carry forward need to keep records for all affected years.
This information is for general guidance only. Tax laws are complex and change regularly. We can't cover every circumstance in our guides. This guidance may not apply to your situation. Please contact us with any questions. We work to provide current and accurate information. But some information could have technical inaccuracies or typographical errors. If there's a conflict between current tax law and this information, current tax law will govern.