| How Long Should I Keep My Tax Records |
Businesses with Employees
- Employment Tax Recordkeeping
Internal
Revenue Service (IRS)
Keep
all records of employment
taxes for at least four
years. These should
be available for IRS
review. Records should
include:
-
Your employer identification
number.
-
Amounts and dates
of all wage, annuity,
and pension payments.
-
Amounts of tips reported.
-
The fair market value
of in-kind wages paid.
-
Names, addresses,
social security numbers,
and occupations of
employees and recipients.
-
Any employee copies
of Form W-2 that were
returned to you as
undeliverable.
-
Dates of employment.
-
Periods for which
employees and recipients
were paid while absent
due to sickness or
injury and the amount
and weekly rate of
payments you or third-party
payers made to them.
-
Copies of employees'
and recipients' income
tax withholding allowance
certificates (Forms
W-4, W-4P, W-4S, and
W-4V).
-
Dates and amounts
of tax deposits you
made.
-
Copies of returns
filed.
-
Records of allocated
tips.
-
Records of fringe
benefits provided,
including substantiation.
Source: http://www.irs.gov/businesses/small/article/0,,id=98548,00.html
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