--- title: Record Retention Guidelines | Tax Record Retention | Virginia CPA Firm description: Learn about the general rules about record retention including when and individual and business taxpayer should retain or destroy tax records and how often this should be done - Keiter CPA - Virginia CPA Firm. --- [![Virginia CPA Firm - Virginia Accounting Services](https://info.keitercpa.com/hs-fs/hubfs/Keiter_May2017/Images/logo-keiter.png?width=199&name=logo-keiter.png "Virginia CPA Firm - Virginia Accounting Services")](https://www.keitercpa.com) # Record Retention Guides ### Businesses and Individuals ## ![Record Rentention Guide - Virginia CPA Firm](https://info.keitercpa.com/hs-fs/hubfs/PremiumContentThumbnails/COR%7B3%7D%20Records%20Retention%20Schedule%20for%20Businesses%20and%20Individuals%20Thumbnail%20(ID%20110975).jpg?width=252&name=COR%7B3%7D%20Records%20Retention%20Schedule%20for%20Businesses%20and%20Individuals%20Thumbnail%20(ID%20110975).jpg) ### To keep or not to keep… It's important to keep your business and personal records in case of an IRS audit or other examination.  This guide outlines the recommended length of time you should keep certain documentation. Generally, you must keep your records that support an item of income or deductions on a tax return until the period of limitations for that return runs out. However, retaining unnecessary records may cause a business or individual to exceed available storage space. Our business and individual Records Retention guides are a great reference tool that will you help you in answering the question…to keep or not to keep. ### Download Your Record Retention Guides [![LinkedIn - Keiter CPA](https://info.keitercpa.com/hubfs/Keiter_May2017/Images/li-icon.png)](https://www.linkedin.com/company-beta/55804/?pathWildcard=55804) [![FaceBook - Keiter CPA](https://info.keitercpa.com/hubfs/Keiter_May2017/Images/fb-icon.png)](https://www.facebook.com/keitercpa)[![Glassdoor - Keiter CPA](https://info.keitercpa.com/hs-fs/hubfs/icons8-glassdoor-bold-70.png?width=46&height=29&name=icons8-glassdoor-bold-70.png)](https://www.glassdoor.com/Reviews/Keiter-Reviews-E343392.htm) [ ![Vimeo - Keiter CPA](https://info.keitercpa.com/hs-fs/hubfs/icons8-vimeo-ios-17-filled-70.png?width=47&height=23&name=icons8-vimeo-ios-17-filled-70.png)](https://vimeo.com/user212314929) [![Instagram - Keiter CPA](https://info.keitercpa.com/hubfs/Keiter_May2017/Images/insta-icon.png)](https://www.instagram.com/keitercpa/) #### [About Us](https://keitercpa.com/about-us/) Keiter is a team of experienced accountants and advisors with the knowledge to identify opportunities and the commitment to see them through. Whether performing an audit, preparing a tax return, or providing specialized consulting services, you can depend on us to share our knowledge and experience to help you make sound financial decisions throughout the lifecycle of your business. We are always focused on providing fresh insights and creating new opportunities to help your business grow. #### [Contact Us](https://keitercpa.com/contact/) 804.747.0000 or 804.273.6200 (phone) 804.747.3632 (fax) Innsbrook Corporate Center 4401 Dominion Boulevard Glen Allen VA, 23060                   © 2026 Keiter, All Rights Reserved, [Legal Policy](https://keitercpa.com/about-us/legal-policy/)