I've been saving them for years and would like to throw some of
them away, but don't want to throw away some I need to keep.
2006-12-16 12:00:08 · 4 answers · asked by cozy kitty 1 in Business & Finance ➔ Personal Finance
5 years. Then toss 'em.
2006-12-16 12:09:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I agree with Chic and just read something about bank statements during last tax season on the IRS website. I strongly recommend keeping them somewhere safe during statute of limitations.
Browse IRS Pub 552- Record Keeping for Individuals on page 6.
There is no time limits if you file a fraudulent return or didn't file when you legally should have.
2006-12-16 12:12:13 · answer #2 · answered by personalfinancedaily 3 · 2⤊ 0⤋
if u think some statements which show big amt of money r important 4 keeping,then u keep it for 5 yrs.according to law everything more than 5 yr is void n null,u can't claim it after that.
best wishes.
2006-12-16 12:12:11 · answer #3 · answered by robert KS LEE. 6 · 0⤊ 0⤋
The IRS can audit you as far back as 7 years.
2006-12-16 12:09:23 · answer #4 · answered by Chic 6 · 1⤊ 0⤋