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Re: When can I destroy rental applications? - Landlord Forum thread 354467

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Re: When can I destroy rental applications? by Garry (Iowa) on September 30, 2017 @18:15

It turns out that we are both right about the audits. I Googled the IRS audits, and found out the statue of limitations for an audit is 3 years. So I was correct. However, it did say that if a person omits more than 25% of their income in any of one of those 3 years, the IRS can go back up to 6 years to do additional audits. So you were correct on that count. So, to all of us landlords out there-----don't be claiming extra vacancies when they actually have renters in them, or claiming less monthly income than you are actually taking in.
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