3 years after hire or 1 year after term date WHICHEVER IS LONGER
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The IRS requires employers to keep all records of employment taxes for at least four years after filing the 4th quarter for the year. After four years, the records can be destroyed.
Do you mean how long does a broker / Bank keep them on file after application? or do you mean how long is the application good for consideration?
Hold on to it for as long as possible.
As long as your customer is an active customer.
For the term of their employment.