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Post by entropy on Jun 22, 2008 13:56:57 GMT -5
I know I've read this somewhere, but I can't remember where...
How long do you need to keep paperwork in case you are audited? And what do you need to keep? I am a hoarder of paperwork and I'm sure I keep way too much for way too long...
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Post by mouse on Jun 22, 2008 14:13:12 GMT -5
The rule of thumb I've always been told is to keep all financial records for seven years. Keep all papers relating to income, taxes, etc. in case you are audited. I figure this works well as a rule for all papers, except for legal documentation like wills which should be kept indefinitely until they're updated.
~Mouse
Updated to correct spelling.
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Post by entropy on Jun 22, 2008 14:14:49 GMT -5
Thanks, Mouse.
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Post by Moodle on Jun 22, 2008 15:59:23 GMT -5
Thanks for asking this, entrophy, and for answering, mouse! I am also a hoarder of paperwork and it is maddening and messy!  |
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Post by drivermom on Jun 23, 2008 9:56:51 GMT -5
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