Copies of tax returns should be kept for at least 3 years. The IRS can provide copies of prior year tax returns for a fee. IRS Tax Transcripts are often necessary for applying for a mortgage or college financial aid. If you need a tax transcript, the IRS will provide one for free. Transcripts provide a summary of your tax return information and they are available for the most current year and the past 3 years. Tax Transcripts can be ordered on-line, by phone, or by mail. More information can be found here.
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