Community Chat

[gidgetgh]

It's tax time again. 

Our CPA files electronically for us and then gives us a paper copy and all of our 1099's and other papers back to us. 

How long do you keep yours?  I think the guideline is 7 years. We've always kept 10 years but I'm thinking of only keeping 7. 

[Mominohio]

Good question. 

I have been pondering the same for the last month or so. considering buying a new file cabinet, and need to trim down the paper work.

I believe we have ours back to at least the early 90's. I know it is too long, but when they are out of sight, the are out of mind. 

I'd be doing good to just go back 10 years!

[Suziepeach]

LOL I've got tax stuff from the 70's, 80's and 90's...  hahahahaha   hey who knows, right? 

[gidgetgh]

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@Mominohio wrote:

Good question. 

I have been pondering the same for the last month or so. considering buying a new file cabinet, and need to trim down the paper work.

I believe we have ours back to at least the early 90's. I know it is too long, but when they are out of sight, the are out of mind. 

I'd be doing good to just go back 10 years!

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I bought these "cute", LOL, envelope thingys at Office Depot today to put all of my dad's tax stuff in for 2016 because I'm taking it to our CPA tomorrow to do his estate taxes. 

The envelope thingys were on sale for $1.00 each so I bought 10 for us and I've been taking our tax stuff out of the bulky Manila envelopes and putting them on these things this afternoon and that's how I got on the how long do you keep them kick. 

@Mominohio- get rid of some of those old ones!

[gidgetgh]

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@Smoky wrote:

LOL I've got tax stuff from the 70's, 80's and 90's...  hahahahaha   hey who knows, right? 

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Oh.  My.  Gosh. @Suziepeach, why do you keep them so long?

[deepwaterdotter]

I have no experience with riveting.

[Suziepeach]

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@gidgetgh wrote:

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@Smoky wrote:

LOL I've got tax stuff from the 70's, 80's and 90's...  hahahahaha   hey who knows, right? 

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Oh.  My.  Gosh. @Suziepeach, why do you keep them so long?

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Truth be known, @gidgetgh, I don't know.  I guess when they're all out of sight they're really out of mind?  LOL

[judy0330]

Forever.  And yes -- I know that there is no reason to do so!

[Peaches McPhee]

Confession:  I've got mine, from the very first one in 1976 (part time job while in high school).   One day, I'll shred the bunch.

[Bri21]

I keep them for ten years.   Once we get a new one, I shred an old one.  

I don't keep a lot of paperwork around.    Most of our bills are paperless

now, which cuts down on a lot of unnecessary paperwork