"Tax Returns and Backup Documentation: Whether personal or business, the
general rule is seven years. This may seem like a long time to hold onto
these papers, but think of it as an annual cleaning out as new returns
are filed. One in ... one out and the old adage of "better safe than
sorry" will apply. The IRS has 3 years to audit you from the date you
file your taxes; however, they have 7 years to clear up and correct so
called "Discrepencies." "

If you are an upstanding member of society you should keep your personal
tax records three years. If you are or have committed fraud in reporting
taxes you should keep them six years.

Chris Flynn



Interesting yes...; however I would not recommend it to any family
members or friends.

Best regards, Steve
Steven D. Whitaker, CRM
Records Systems Manager; City of Reno

>>> [log in to unmask] 03/17/05 07:45AM >>>
Anne,

I've found some interesting information at the following site:

www.lifeorganizers.com/office/records-retention.htm


Barbara Wyton
Records Management Specialist
GLAXOSMITHKLINE (Canada)
Direct Line: 905-819-7050
Fax: 905-819-3099

List archives at http://lists.ufl.edu/archives/recmgmt-l.html
Contact [log in to unmask] for assistance

List archives at http://lists.ufl.edu/archives/recmgmt-l.html
Contact [log in to unmask] for assistance

List archives at http://lists.ufl.edu/archives/recmgmt-l.html
Contact [log in to unmask] for assistance