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9 May, 17:17

Sam is a responsible citizen and files his annual tax returns judiciously. What should he do with tax return documents that are more than three years old?

A) he should submit the documents to the local authorities

B) he should keep the tax returns in a safety deposit and shred the supporting documents

C) he should keep the documents with his attorney

D) he should submit the documents to the IRS For audit

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  1. 9 May, 18:35
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    Answer: D) he should submit the documents to the IRS For audit

    There is a 3-year rule for annual tax returns. The purpose is to be prepared in case of an audit, otherwise, documents three years from the date they were filed can be shredded.

    Sam being a responsible citizen can also submit the documents to the IRS For audit.
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