This question came in from Chris in Hawaii:
Q: Aloha Tom: How many years should to save my tax records/receipts?
A: We recommend you keep them for 7 years. The reason for this is that the IRS has 3 years to audit you under normal circumstances and 6 years under extenuating circumstances. It's save to shred them after 7 years. Better is to maintain them in digital format. We do that for al of our clients and we can keep them as long as you want.

Comments (2)
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Posted on June 2, 2011 08:40
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Posted by Alfredo Tinin | June 3, 2011 11:11 AM
Posted on June 3, 2011 11:11