Record Retention (humor?)

[Abby Normal]

Maybe it's just the tax season giggles kicking in, but I laughed out loud at some of these:

Period of Limitations that apply to income tax returns

1. Keep records for 3 years if situations (4), (5), and (6) below do not apply to you.
2. Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return.
3. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.
4. Keep records for 6 years if you do not report income that you should report, and it is more than 25% of the gross income shown on your return.
5. Keep records indefinitely if you do not file a return.
6. Keep records indefinitely if you file a fraudulent return.
7. Keep employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.

[RitaB]

In TN #6 reads, "Keep records for six years if you're lower than a snake's belly, you cheater."

[RitaB]

6 minutes ago, RitaB said:

In TN #6 reads, "Keep records for six years if you're lower than a snake's belly, you cheater."

*  yer