When Can I Dispose Of My Tax Documents?

Many companies aren’t sure how long they should hold onto important tax paperwork. It’s easy to get overwhelmed by piles of papers. However, you don’t want to end up throwing out something that you may need to refer back to down the road. Bankers, accountants, lawyers, and government agencies all have differing opinions about how long you should retain tax documents, which makes the process even tougher. The following guidelines will help you make educated decisions about your tax documents and related paperwork.