2006-08-13 07:30:47 · 6 answers · asked by 3d 1 in Business & Finance ➔ Other - Business & Finance
IRS can go back 7 years on an audit. I have heard that bank's can provide this if you don't mind waiting and paying when needed. I would recommend keeping for the 7 years.
2006-08-13 07:39:29 · answer #1 · answered by alwaysneeding 1 · 0⤊ 0⤋
You should keep your pay stubs for the current year until you get your W-2 statement. If it's correct, shred the old pay stubs and use the W-2 to file taxes. As for bank statements, I usually only keep mine until the next statement comes, assuming everything is correct and no major purchases are on there. If there are on major purchases on your bank statements, keep those particular ones for a few years and shred the rest after a year.
2006-08-13 14:35:09 · answer #2 · answered by penpallermel 6 · 0⤊ 0⤋
Accountants suggest 7 years for Tax Records and Check Stubs. If you dont mind having them longer is up to you.
2006-08-13 14:34:23 · answer #3 · answered by Regio 2 · 0⤊ 0⤋
My husband says 5 years. I have kept all of mine though, just incase. Ya never Know!
2006-08-13 14:34:29 · answer #4 · answered by Hailey Jo 1 · 0⤊ 0⤋
They say 10 years, but that seems long to me.
2006-08-13 14:32:53 · answer #5 · answered by eagleboy225 3 · 0⤊ 0⤋
The standard is 7yrs--but if you've been auditted in the past keep them for 10yrs.
2006-08-13 14:35:29 · answer #6 · answered by bye 5 · 0⤊ 0⤋