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In the case of employment records, Garofalo said, “You might as well save your W-2s and 1099s, but realistically, the IRS has a digital copy of all of that, so the expenses are what to focus on ...
The IRS advises that “when your records are no longer needed for tax purposes, do not discard them until you check to see if you have to keep them longer for other purposes.
The general rule is to keep your tax records for three years, but there are several important exceptions for when you might need to keep your tax records for a longer period as a taxpayer.
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The general rule of thumb for tax records is to keep everything for at least three years, but there are some things you should keep longer. Throughout the year, I recommend that you keep your pay ...
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