Tag: record retention

Q & A and Tips on Accounting, Taxes and Personal Finance.
How long should you keep your tax returns and supporting documents?

How long should you keep your tax returns and supporting documents?

How long should you keep your tax returns and supporting documents? According to the IRS, the length of time you should keep a document depends on the action, expense, or event which the document records. Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return […]

February 29, 2016 | By More
How long to retain records for tax purposes?

How long to retain records for tax purposes?

You’re determined to finally clean out that overflowing file cabinet chock full of records and documents saved for tax return support.  Has enough time passed?  Can your shedder finally get a good workout?  Harry E. Hunter, President of Hunter Consulting discusses document retention and how long to retain records for tax purposes. Harry:  One of the most […]

August 11, 2014 | By More