Which of the following statements about recordkeeping requirements is true?

• A.Employment tax records should be kept for 5 years after the due date of the return or payment of tax, whichever is later.

• B.Property records should be kept as long as they are needed to figure the basis of the original or replacement property.

• C.Records must be maintained for 7 years.

• D.The burden of proof for entries, deductions, and statements made on tax returns resides with the IRS.