What are the best practices for storing tax documents?
An example of an AI chatbot conversation about best practices for tax document storage.
What are the best practices for storing tax documents?
It's important to keep tax documents organized and secure. You should store them in a cool, dry place, preferably in a fireproof safe.
How long should I keep my tax documents?
Generally, you should keep tax documents for at least three years, but some documents may need to be kept longer, like property records.
Is it safe to store tax documents digitally?
Yes, storing tax documents digitally can be safe if you use secure cloud storage and encrypt sensitive files.
What types of tax documents should I keep?
You should keep W-2s, 1099s, receipts for deductions, and any correspondence with the IRS.
Can I dispose of old tax documents?
Yes, but make sure to shred them to protect your personal information before disposal.
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