Banks & Credit Unions in New York, NY
Banks & Credit Unions
Serving,
New York ,
NY
10022
United States
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Mon - Fri 7am - 7pm
cash, all credit cards, check
Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time. However, if the IRS believes you have significantly underreported your income (by 25 percent or more), it may go back six years in an audit. If there is any indication of fraud, or you do not file a return, no period of limitation exists.
Contrary to popular belief, there’s nothing in the U.S. Constitution or federal law that prohibits multiple states from collecting tax on the same income. Although many states provide tax credits to prevent double taxation, those credits are sometimes unavailable.
212-706-0517
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Worldwide > United States > New York > Banks & Credit Unions