US Tax Professionals Share How Long Homeowners Should Keep Property Related Tax Records
As a firm that specializes in cross-border taxation, the team at US Tax Professionals in Vancouver remind taxpayers that keeping full and accurate homeowner records is not only vital for claiming deductions on tax return, but also for determining the basis or adjusted basis of a home. Records must be kept as long as they are important for federal tax law—and must be available to the IRS upon request.
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