Post Tax Season To-Do
Congratulations! You’ve finished filing your taxes for the year. Although the stress of tax season is now lifted off of your shoulders, you need to figure out what to do with all the documents. But don’t worry. The experts at TrueShred have advice on what to keep and what to dispose of.
When you need secure document destruction in Virginia, Maryland, or Washington, DC, there’s only one company you need to know—TrueShred. Contact us today!
Store Important Documents
Now that you’ve filed your tax return for the year, you’ll want to save any W-2s, 10-99s or any other important documents. It’s also important to remember that the IRS can audit your tax returns for up to six years—which is why we suggest holding onto these document for a up to seven years.
It’s important that these documents are stored in a safe place. We recommend using a file cabinet or safety deposit box, but make sure it is large enough to keep everything organized so you can find what you’re looking for when you need it.
Another option is to store your important documents electronically—if you choose to go this route, we suggest maintaining both the physical copies and the electronic copies. Simply scan your documents to your computer and store them in a folder you can access when needed. Don’t have a scanner? If you have a smart phone there are applications you can download that will “scan” your documents and turn them into PDFs, making electronic storage easy!
Shred Documents No Longer Needed
Once your taxes are filed, you can discard of most financial records such as:
- Pay stubs
- Utility bills
- Cashed checks
If you are planning to claim deductions that may require proof, keep these documents for at least seven years.
However, it’s important to remember that you can’t just dispose of these documents in a trash can—they have some of your personal information on them! In order to avoid any type of fraud, you need to shred these documents to ensure they are gotten rid of properly.
For more information of the documents you can dispose of after filing taxes, click here.
Document Shredding Post Tax Season in VA, MD & DC
If you’re ready to make filing your taxes simple—call TrueShred for one-time shredding! It’s an ideal alternative to sitting in front of your limited-capacity home shredder for hours! We’ll come to your home or business and do full personal document destruction that will keep your businesses, employees’, and customers’ confidential information safe!
TrueShred provides secure shredding services you can trust! Call us at 888-322-3218 or contact us for a free estimate today!
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