I was clearing out my office last week and found payroll tax records from 6 years ago. I really want to clear up the space but am not sure if I am legally obligated to keep these records.
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Answer by Lisa Wulfsohn, Malvern 3144 VIC
- You must keep records that were used to determine your tax liability for 5 years.
- The records must be in English or easily able to be translated into English.
- You should be able to readily supply them to the commissioner of state revenue upon request.