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Category: Accounting Records

How Long Should NJ Businesses Keep Tax, Payroll, and Accounting Records?

Every tax return has what’s called a statute of limitations on it, which says how far back you can amend your tax return to get a refund, or how far back the IRS can look to assess additional tax. Generally, that statute of limitations is three years after you file a tax return. Let’s learn more about it The General Three-Year Rule For most clients, it’s going to be those three years that you’re going…