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The IRS wants you to know that being a good record keeper will help you avoid headaches come tax time.
They say normally, tax records should be kept for three years.
But some records like any relating to a home purchase or sale, stock transactions, IRA and business or rental property, should be kept longer.
Here are some documents that could have an impact on your federal tax return: bills, credit card and other receipts, invoices, mileage logs and canceled, imaged or substitute checks.
The IRS says keeping these documents will help save you time and effort at tax time.
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