Sep 8, 2017 ... The length of time you should keep a document depends on the action, expense, or event which the document records. Generally, you must ...
But keeping good records can actually help you save money. ... your business, prepare your financial statements, identify sources of income, ... You must keep your records as long as needed to prove the income or deductions on a tax return .
Apr 10, 2015 ... Here's a list of financial records and an explanation of how long to keep them ... should be kept in an insurance file for proof of their value in the ...
Mar 21, 2016 ... Consumer Reports experts tell you how long to keep tax records and ... You've already delved into your financial records, so you might as well ... Social Security cards, and military discharge papers should be kept indefinitely.
Understand what documents you need to keep and for how long to stay on the right side of the IRS. ... Topics: IRS, accounting regulations, financial management ... Business Tax Returns and supporting records must be kept until the IRS can ...
Jun 29, 2016 ... Personal financial records must be kept for 5 years, whereas the following ... To meet basic legal requirements, you must keep the following:.
Jan 26, 2014 ... Thus you must save all the financial documents you used to create your ... As a result, just keep your statements long enough to reconcile your account. ... Tax returns and all the supporting documentation must be kept at least ...
Mar 24, 2010 ... I'VE long been a pack rat when it comes to saving financial documents. I have a ... Such records should be kept until the treatment is completed, ...
Jul 12, 2017 ... Here's how long you have to keep your business records after filing ... a tax return filed in 2015 you must keep the records until December 31 of 2021 (one day less than seven years). ... and records are safeguarded, whether kept on your own business .... Using Financial Statements As a Management Tool.