thanks to all that helps
2007-07-23 06:44:52 · 6 answers · asked by Black Beauty™ 4 in Business & Finance ➔ Taxes ➔ United States
Hello Prettyneka,
Most banks (..and the IRS..) strongly reccomend
that you keep all your receits, statements, and the
copies of your checks for a minimum of five years.
Some states require you to keep them seven
years.
Check with your bank to find out where you stand.
2007-07-23 06:53:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you use online banking you do not need to keep the carbon copies of your checks, as the copies are available through your online account. Also, some banks send out copies of your checks with your statements (usually 10-20 checks per page). If you can set up something like this, you do not need the carbon copies at all.
2007-07-23 13:55:44 · answer #2 · answered by Santana57 2 · 0⤊ 0⤋
Well as long as you want to...there is no need to keep them except for your records.
They aren't proof to the IRS.
Even a canceled check isn't always proof to the the IRS in current times.
But, if your actually asking how long to keep general records...that would be at least three years. And longer if your talking about capital assets or improvements to them.
And I been doing taxes for 20 years and officially certified for 15 years.
Russ
2007-07-23 14:00:50 · answer #3 · answered by Russ B 6 · 0⤊ 0⤋
3 years. ITs best to hold on to them for that long since thats the amount of time you hold onto your tax information. Keep them well hidden and make sure you shred them after as well.
2007-07-23 13:50:25 · answer #4 · answered by Marsbar 3 · 0⤊ 0⤋
I keep copies for one year.
2007-07-23 13:55:18 · answer #5 · answered by Zombie Birdhouse 7 · 0⤊ 0⤋
you either have to keep em for ever or just use s paper shredder and dispose them carefully.
2007-07-23 13:53:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋