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Capital Advisory Group - April 2020
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119 Old State Rd., Ellisville, MO 63021 CapitalAdvisoryGrp.com THE WEALTH ZONE April Organization Brings May Freedom KEEP SHREDDING IT! APR 2020
Last year, your efforts saved 35 trees and recycled over 2 tons of paper. Isn’t that impressive? Give yourself a pat on the back, get your outdated documents organized, and come join us this year! For some guidance on what can be disposed of, the IRS recommends that you keep supporting documents for at least four years after your return has been filed.This can include bills, credit cards, invoices, proofs of payment, or proofs of donations.The three-year guideline also applies to property that you’ve sold in the last three years.This may include home purchases and home improvement costs, stocks, investments, and individual retirement account transactions. For business owners, you’ll want to keep all of your employment tax records for at least four years after the tax is due or is paid — whichever comes later. You’ll also want to hang onto records relating to gross receipts, expenses, assets, and proofs of purchase.These may include receipt books, invoices, cash register tapes, and sales slips.The records can also extend to >Page 1 Page 2 Page 3 Page 4
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