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  1. #1
    Join Date
    Aug 2003
    Location
    Bendemonium
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    9,673

    Question Record keeping Q for tax attorney and accountant types

    I'm in major throw-out mode. Has to be done. How long do I need to keep bank statements and receipts? They mostly just get thrown in a box "just in case." What do you recommend?

    Thank you so much for your advice.
    Frends know gud humors when dey is hear it. ~ Da Crockydiles of ZZE.

  2. #2
    Join Date
    Jun 2006
    Location
    Alaska
    Posts
    2,201
    after watching the people's court (did i just admit i watch that?) seems like you should keep it as long as you may need or until its past the time that the statue of limitations is no longer effective.

    though i also wonder the true answer to this question.
    "Forget past mistakes. Forget failures. Forget everything except what you're going to do now and do it." – William C. Durant

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  3. #3
    Join Date
    Aug 2003
    Location
    Bendemonium
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    9,673
    But how do you define what "you may need"? I think I just need to worry about the IRS. Fat lot of good it is to be married to an attorney who specializes in fish, water and trees.

    SK potters off mumbling to self, "I will NOT be like my mother. I will NOT be like my mother."
    Frends know gud humors when dey is hear it. ~ Da Crockydiles of ZZE.

  4. #4
    Join Date
    Jan 2006
    Location
    Marin County CA
    Posts
    5,936
    I think it's 7 years. not completely sure - I will ask our tax attorney.
    Sarah

    When it's easy, ride hard; when it's hard, ride easy.


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  5. #5
    Join Date
    Aug 2003
    Location
    Bendemonium
    Posts
    9,673
    That's in my head also, but when I ask Fish Boy he just blows bubbles.
    Frends know gud humors when dey is hear it. ~ Da Crockydiles of ZZE.

  6. #6
    Join Date
    Aug 2005
    Posts
    4,516
    I'm pretty sure it's 7 years too.....

    CA (who isn't a tax atty, but wishes she could specialize in water, fish and trees )
    Most days in life don't stand out, But life's about those days that will...

 

 

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