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Q: How long do you legally have to keep finanial papers?
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How long are New Zealand schools legally obliged to keep student records?

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Are you allowed to keep a lot of money at home?

You can keep a lot of money at home if you want to. As long as you have legally earned money, you do not have to keep it in a bank. It may be safer in a bank but you can keep it in your home.


How long do you need to keep income tax papers?

For most items of income and expense, three years is the normal rule. However, for any item, such as depreciation on assets which can be claimed in excess of the normal three years, you will want to keep your papers for as long as you are claiming the asset. Papers relating to your cost, or cost basis, in capital assets should be kept forever and handed down to whoever will inherit these assets from you.


How long do you legally need to keep your tax returns?

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How long to keep deceased parents papers such as tax returns?

Some papers are more or less permanent, such as titles to property. Tax returns: I'd say seven years. Papers that are duplicated in the public records: it doesn't really matter, because you can always obtain copies from the public records.


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How long should you keep Medicare papers?

You need to keep your EOB quarterly to compare with your secondary insurance as per Medicare only sends quarterly. If everything matches in you quarter you no longer need to keep them. Most people keep them an extra quarter to ensure there are no errors.