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Internet Message Format  |  1992-11-08  |  1.1 KB
  1. Path: sparky!uunet!peora!upchrch!joel
  2. From: joel@upchrch.UUCP (Joel Upchurch  )
  3. Newsgroups: misc.consumers
  4. Subject: Re: Financial records (how long to keep?)
  5. Message-ID: <BFywTB2w164w@upchrch.UUCP>
  6. Date: Sun, 08 Nov 92 04:19:34 EST
  7. References: <1992Nov7.221625.29262@cbfsb.cb.att.com>
  8. Organization: Upchurch Computer Consulting, Orlando FL
  9. Lines: 15
  10.  
  11. vinlai@cbnewsb.cb.att.com (vincent.lai) writes:
  12.  
  13. > I'd like to know how long should I keep records like my paycheck stubs,
  14. > my bank statements, etc.  They're accumulating to the point where I have
  15. > to do some housecleaning.  What's the recommended rule of thumb?
  16.  
  17. As I recall the advice I read someplace was that you should keep all
  18. financial records forever. The reason for this was that the IRS can
  19. only audit tax returns for the previous three years, but if they
  20. find any problems in those years, then they can audit you clear
  21. back to the big bang.
  22.  
  23. (If your mail bounces use the address below.)
  24. Joel Upchurch/Upchurch Computer Consulting/718 Galsworthy/Orlando, FL 32809
  25. joel@peora.ccur.com {uiucuxc,hoptoad,petsd,ucf-cs}!peora!joel (407) 859-0982
  26.