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JENNR8R

How Many Tax Returns Have You Kept?

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I have 39 with all of the supporting documents. They are all neatly organized and divided up by years. Whenever I get a box full of them, I store them in the garage.

I just like the thought of being able to look back to the first year I was married and see how much my income was and what I paid for rent, telephone, electric, etc.
What do you call a beautiful, sunny day that comes after two cloudy, rainy
ones? -- Monday.

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If your garage gets broken into, or if you're like me and just forget to close the door, stealing your identity would be very easy. Just something to think about.



Hummm... I've never thought about that. Wouldn't a thief be more likely to break into my house to get to my records? If they are going to do that, I couldn't stop them.
What do you call a beautiful, sunny day that comes after two cloudy, rainy
ones? -- Monday.

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why not just scan what you want and store it electronically...less space and less chance of ID theft.



Waaaaaaay too many records to make that task worthwhile. I'd destroy them first.
What do you call a beautiful, sunny day that comes after two cloudy, rainy
ones? -- Monday.

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Umm, I might have last years somewhere..... I don't make enough for it to matter... plus I'm paid under the table for most of my jobs.





Hi, I'm the IRS man an I'm here to help you, can you explain what kind of payment you recieve under the table.

Gone fishing

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I have just about all of mine, going back to the early 90's. However, the IRS generally suggest that you only keep the last 7 years of tax returns, and then dispose of anything older via shredder or fire.

My parents... good god man, my brother and I were cleaning their basement last year, and I found boxes of financial records going back more than 40 years! Kept every damn thing... :S:S:S

The only way we are getting rid of that shit is when they croak. :|
"Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban

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I never really made enough money to care until about 3 years ago. When I made 50K or less I figured I had a better chance of winning the lotto than being audited. Now..........I would be an idiot to NOT keep copies, supporting documents, and have my accountant on speed dial. :D Working overseas is a TAX HEADACHE!

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I think I've got 10 years worth or so. Need to go and shred some of them. Figure 7 years worth of them is good enough since that's all the IRS says to keep.
Life is short! Break the rules! Forgive quickly! Kiss slowly! Love truly, Laugh uncontrollably. And never regret anything that made you smile.

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