I keep tax returns permanently, everything else is fair game after 7 years.
Chuck Warman, CPA
Wichita Falls, TX
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From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Laura Morton
Sent: Monday, December 01, 2008 1:52 PM
To: taxchat@yahoogroups.com
Subject: [taxchat] Record Retention
Ok….another year is about to come to a close not to mention I have an overflowing storage unit of ‘paper’!!
How long as practitioners are we to maintain the backup to financial statement preparation and tax returns?
I am ready to shred boxes but don’t want to get too aggressive!!
Thanks!
Laura M. Morton, EA
10 Key Solutions
Accounting Solutions for the Small Business
770-985-1621
770-985-6618 fax
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