|
Recommended Record-Retention Schedules |
 |
 |
 |
| Copies of tax returns |
Forever
|
Employee expense records
|
3 years |
Tax/legal correspondence
|
Forever
|
Personal investment records
|
6 years |
Audit reports
|
Forever
|
IRA Records
|
6 years after withdrawals |
Contracts and leases
|
Forever
|
| Real Estate records |
Forever |
Paid vendor invoices
|
3 years |
Corporate minutes
|
Forever
|
Employee payroll records and stock records
|
3 years |
Depreciation schedules
|
Tax life of asset plus 3 years |
| Bank Statements |
6 years |
| General Ledger & journals |
6 years |
| Sales records & journals |
6 years |
|
|
|
|
|