2006-07-18 09:21:41 · 5 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
For tax purposes (anything you write off on your taxes), keep them for 10 years. That's how long the IRS can go back and collect back taxes. Supposedly they can only audit back three years, but keep your records in case they decide to doctor theirs.
For things that you might wish to return, a few months should be sufficient. After that, you probably can't return it anyway.
However, if you buy something with a warranty, keep the receipt for as long as the warranty is valid - even if they say they keep records. I had a problem with Best Buy a few years ago. I bought the extended warranty on a CD player, and it broke right before the warranty ran out. They didn't have any record of it, but I did!
2006-07-18 09:24:54 · answer #1 · answered by FozzieBear 7 · 0⤊ 0⤋
Keep a file of all major receipts such as large appliances, small appliances, electronics, etc and especially items that are under warrantees. I keep mine till I no longer have the items...
2006-07-18 09:34:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
it depends on what type of receipts they are i usualy hold on to big purchase receiptsfor a long time i file them in a file cabinet of in a exspandable file folder.
2006-07-18 09:27:10 · answer #3 · answered by cassandra f 1 · 0⤊ 0⤋
i agree with cassandra dont hold on to no supper market receipts
only big purchasases or things that can easly get messed up like
video games
2006-07-18 09:28:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
any thing asc. with your tax returns---and the final payments on all notes ---- 7 years
2006-07-18 09:27:57 · answer #5 · answered by golferwhoworks 7 · 0⤊ 0⤋