How to Dispose of Tax Returns

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How to Dispose of Tax Returns – This is a place for the community to provide tips and advice on How to Dispose of Tax Returns. This topic was created by umlautfetish and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Never throw away your tax returns

Published: 9 years, 3 month(s) ago | Submitted by Tina Busck | permalink

Why you may need those old 1040s someday.

For further reading: http://www.marketwatch.com/story/never-throw-away-your-tax-returns-2013-04-20 ^[1]

Tip 2 - How to Dispose of Tax Returns | eHow

Published: 9 years, 3 month(s) ago | Submitted by Bill Goodson | permalink

No matter what tax bracket you are in or what you do for a living, it is important to store your tax returns properly. The IRS has the right to go back three years or more to examine your tax records, and it is important that you have that information on hand if it is needed. But when those tax records are no longer needed, it is just as important...

For further reading: http://www.ehow.com/how_5899611_dispose-tax-returns.html ^[2]

Tip 3 - Tax records: Save them or shred them? - USATODAY.com

Published: 9 years, 3 month(s) ago | Submitted by Julie Christ | permalink

If you're like most people, your home office is littered with 1099s, W-2s, thank-you letters from charities, and other detritus used to prepare a tax return. But it's not necessary to hang on to everything.
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For further reading: http://www.usatoday.com/money/perfi/taxes/2011-04-21-tax-records-save-or-shred.htm ^[3]

Tip 4 - Store or Shred? How Long You Should Hang onto Tax Records | Block Talk - The H&R Block Official Corporate Blog

Published: 9 years, 3 month(s) ago | Submitted by Nesterov Sergey | permalink

If your 2012 tax return is still buried under a pile of papers next to your computer, it’s probably time to do a little organizing.
Tags: taxes,tax documents,tax returns,tax refund,tax tips,important documents,doc storage,cloud storage,document storage,tax tip,tax nitty gritty,taxtip,the tax institute

For further reading: http://blogs.hrblock.com/2013/08/18/store-or-shred-how-long-you-should-hang-onto-tax-records/ ^[4]

Tip 5 - Spring cleaning for your financial records

Published: 9 years, 3 month(s) ago | Submitted by Sharmila Kulasekaram | permalink

With tax season over, it's an ideal time to sort -- and discard -- some of your financial documents

For further reading: http://www.cbsnews.com/news/spring-cleaning-for-your-financial-records/ ^[5]

Tip 6 - Tax Records: When You Can Throw Away

Published: 9 years, 3 month(s) ago | Submitted by Eric Fairon | permalink

I get a lot of questions from folks on how long they should keep their tax returns and related records, so here's a guide.

For further reading: http://www.cbsnews.com/news/tax-records-when-you-can-throw-away/ ^[6]

Tip 7 - Your tax documents–what to keep and shred | Articles | TaxACT

Published: 9 years, 3 month(s) ago | Submitted by Tish Inman | permalink

Whether you use old-fashioned manila filing folders, a flash drive or cloud storage, tax and personal finance authorities agree on the importance of saving tax documents and records.

For further reading: http://www.taxact.com/tax-information/articles/your-tax-documents-what-to-keep-and-shred.asp ^[7]