Records Retention: What to Keep, What to Toss and Why It Matters
With tax season in the rearview mirror, many individuals and business owners wonder how long they should hold on to tax-related records—and what can safely be discarded. Different types of documents have different retention recommendations and requirements, and keeping records either too long or not long enough can create unnecessary risk or clutter. Understanding what to retain and for how long can help you stay organized while remaining prepared for potential tax issues.