How Long Should You Keep Tax Records & When To Shred Them
Автор: What's Next with Money
Загружено: 2023-04-17
Просмотров: 72
Описание:
Keeping records or documents based on your life circumstances can provide numerous benefits.
For example, maintaining a record of your tax returns and supporting materials can help you avoid legal complications and serve as essential documentation to prove compliance during audits or other legal proceedings.
Seeking professional assistance and ensuring that all necessary records are kept up to date until the issue has been resolved is critical.
Moreover, these documents can serve as proof of income when applying for loans, credit cards, or mortgages.
However, it is crucial to shred these documents when they are no longer necessary or have passed their expiration date.
Keeping these records beyond their expiration date can increase the risk of identity theft or other forms of fraud.
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