A tax return preparer, routinely publishes a schedule of the fees she charges her clients. For how long must keep copies of the published schedule following its last use?

Question

Alessandra Noble

Computers & Technology

24 May, 00:06

A tax return preparer, routinely publishes a schedule of the fees she charges her clients. For how long must keep copies of the published schedule following its last use?

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Answers (1)

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Perla Shaw · Answer 1

It is advised for the tax return preparer to keep the records for 3 years from the date she filed your for the return or two (2) years from the date she paid the tax

Explanation:

It is advised for the tax return preparer to keep the records for 3 years from the date she filed your for the return or two (2) years from the date she paid the tax.

This will create enough time for any form of amendment should the case arise within the period of filing this tax. if also creates avenue for claim of credit or refund, or in a case where the IRS want to assess additional tax.

The information above reflects the period of restriction that apply to income tax returns. Unless otherwise stated, the years refer to the period after the return was filed. Returns filed before the due date are treated as filed on the due date.