Whether you've already filed or you're waiting until the last minute, here's what to do with the sensitive papers you've collected.
The deadline to file your taxes is just days away. Whether you've already filed or you're waiting until the last minute, you may be wondering what to do with the sensitive papers you've collected. Here's how long you should keep them.Tax records: Keep 3-7 years. This is because the IRS has 3 years to audit you, but that goes up to 6 years if you misrepresent your income by more than 25%.
Utility bills: Keep for one month, or however long it takes to verify your payment went through.Forever documents: Anything that's difficult to replace, like birth certificates, Social Security cards, marriage certificates and divorce papers, you'll want to keep permanently in a locked location, like a safe. Be sure to shred any sensitive documents you're disposing of to protect your personal information.
Rossen Reports Jeff Rossen Private Information Tax Documents Protect
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