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3 Cards in this Set

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13. The IRS requires that machine-readable records be kept at least until the expiration of the statute of limitations for the tax year which they relate
True
14. The minimum retention period for state unemployment insurance records differs from state to state
True
15. Federal and state laws generally require that a copy of records be retained in paper form for audit purposes
False

The various federal and state laws generally do not require that records be kept in any particular form and often specifically allow retention on microfilm or microfiche