Which of the Following Is True About Document Retention Requirements

Multiple Choice

Which of the following is true about document retention requirements per the IRS statute of limitations?

A) Federal legislation requires documents to be retained for two years after the employee's termination.
B) Payroll records must be maintained for three years after termination.
C) Union employees' records must be retained for five years after termination.
D) State legislation requires records to be retained for a minimum of eight years after