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Here are tips from accountants and personal-finance experts about what to save, what to throw away, how long to keep tax return-related materials, and how best to store these important documents.
A woman researching how long she has to keep state tax returns and other documents. You may need to keep documents concerning state taxes for longer than federal taxes because regulations differ ...
There are no federal guidelines indicating one should keep their tax records forever. However, Wybar said there may be other reasons to retain these documents indefinitely.
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A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or "retained", irrespective of format (paper, electronic, or other). Retention periods vary with ...
Take it from someone who has a hoard of legal accordion files stashed away in a hope chest: It’s a good idea to keep your tax records. However, if you’re going through a phase of trying to get ...
The general rule is to keep your tax records for three years, but there are several important exceptions for when you might need to keep your tax records for a longer period as a taxpayer.
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