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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.
What else can I help you with?
How long do you need to keep your bank accounts?
1+2
How long does a shipper need to keep a bill of lading on file?
As long as your customer is an active customer.
I'm a retired and my ssa income is low, Do I need to file?
Does low income retiree need to file income tax?
How long do you need to keep financial records after someone dies?
7 years
How long do you need to keep vacation request forms from employees?
For the term of their employment.
What papers do you need to take when going to get for child support?
I belive that you need the birth certificates, social,marriage license, and any papers showing what the income is and last known address.
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.
How long do need to keep your deceased self employed husbands accounts?
At least 7 years for Income Tax purposes.
What documents like car registration etc are you required to keep in your car at all times if you live in Illinois?
The documents you need to keep in your car in Illinois are the registration, drivers license, and insurance papers. The papers need to be kept in the dash or other safe place.
When can you throw away your divorce papers. It has been 5 years. Do i need to keep them forever.?
Yes
Does your dog need papers to breed her?
Well, not necessarily...if you just want to breed your dog because you want puppies that you will keep or give away for no reason, you do not need papers for her...but if you want to breed her professionally and with a professionally bred stud, then you do need papers proving that she has no health issues and that she is a purebred. You will also need papers if you would like to enter her in showmanship competitions, or if you would like to enter her puppies into competitions like wise.
Why does the school need to have a school paper?
Schools have school papers so children and teachers can keep track of upcoming events
How do you acquire the papers I will need when finding homes for my breeding dalmatians' first litter?
Contact The American Kennel Club for litter papers. They will have all the info you need and will send a packet as long as your dalmatians are registered purebreds.
Do research papers need to be titled?
Yes, of course! Nothing to long or creative is necessary, but a title nevertheless, is.
What can I do to get papers when I'm 18?
You will need to go the court house and apply for the papers that you need.
How long do you legally have to keep finanial papers?
In general, the IRS recommends keeping tax-related documents for at least three years after the filing date, as this is the period during which they can audit your return. However, if you underreport your income by more than 25%, you should keep records for six years. Certain documents, like those related to property, may need to be kept longer, especially if they affect capital gains. Always check local laws and regulations, as they may vary.
Keep All The Paperwork For A Computer?
When you purchase a laptop or computer, you need to make sure the one you get is what you need for the things you are using the computer for. Keep all of the papers and discs that come with the computer so you will know what to do if anything goes wrong with it.
