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You should hang onto bank statements for at least one year, but it's still a good idea to have the information handy when you need it. You should hang onto bank statements for at least one year ...
More specifically, the IRS website states that “if you do not report income that you should report, and it is more than 25% of the gross income shown on your return,” you should maintain ...
What is it about a new year that fills us all with the urge to purge? Clothing, old toys—that’s the easy stuff. (If it’s gently used, donate,...
Bank statements for accounts with small transaction volumes, such as investments or savings accounts, may be produced less frequently. Depending on the financial institution, bank statements may also include certain features such as the canceled cheques (or their images) that cleared through the account during the statement period. Paper ...
Whether you get them by mail, email, or uploaded to an onsite account, mortgage statements have a short shelf life — a new one comes once a month, after all — so you can destroy or shred them ...
In his view, you can put your tax backup file in a place you don’t go often, making sure you can locate it on the literal 1% chance you will need it. Then, once four years pass, you can empty ...
Another common-sense approach prescribes storing everything important as long as possible — then, if a lender or collection agency challenges you years after completing your repayment, you won ...
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