5 Tax Records Seniors Should NEVER Throw Out

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2. Copies of Returns

After you fill out your tax return, we advise you to make some copies of those returns. In order to do that, you will need to go to the official IRS website, download Form 4506, complete it, and sign it. After that, you need to mail it to the IRS. One thing that you should know is that as of 2022, the IRS charges $43 for each requested return.

Now, you might wonder, “What am I going to do with these returns?” Well, the IRS has a time frame within which they can audit returns. This period usually lasts three years after you’ve filled out your return. That means they can ask you to prove that you filled out that return. And how can you do that? In case you get a notice that says you’ve never filled it out, you will need that copy of the return that we were talking about.

If you filled out your returns online, there is not much to do. The IRS will be okay if you show them the email you received that accepts your returns for filing. But if you have mailed the returns, you will need a registered or certified receipt. Another thing that you can do is keep the slip that the private carrier gave you (for example, UPS or FedEx).

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