What Tax Documents Do I Need to Shred?

Posted on: March 10, 2023

Like many people, you probably have a pile of tax documents lying around — but how long do you need to keep them after tax season? There are many documents you can get rid of as tax season ends, but it is essential to shred these sensitive documents securely. This guide will highlight tax documents you should keep and explain how TrueShred can help you securely destroy the ones you don’t need.

What Tax Documents to Keep

Below is a list of the tax documents you need to store for a few years after filing your taxes:

  • W-2 forms
  • 1099 forms
  • Tax returns
  • Receipts and supporting documents

It’s critical to keep these documents in case that you need to claim a refund or credit on an amended tax return or if you get audited by the IRS. The period of limitation for tax documents differs according to the type of document. You’ll want to retain your tax returns for  three years after you file, and you should keep all employment tax records for at least four years.

What Tax Documents to Shred

Thankfully, you do not have to keep all your tax-related documents. There are a few you can shred right away:

  • Tax returns beyond the period of limitations.
  • Bank statements.
  • Draft copies of your tax returns.
  • Canceled checks older than one year.

Although you don’t have to retain these documents, you can’t just throw them in the trash since they contain highly sensitive information. Criminals can use your financial information for identity theft. Additionally, if you run a business, there are many privacy regulations that require the secure shredding of customer or employee documents. Failure to destroy sensitive company materials can lead to expensive and reputation-damaging lawsuits.

Secure Tax Paper Shredding Services

TrueShred is a reliable, NAID AAA Certified shredding company that can destroy confidential tax documents and securely recycle the shredded particles. Our shredding services provide an eco-friendly way to remain compliant and prevent identity theft.

Our mobile shredding trucks allow us to offer on-site shredding, but we also offer off-site services where we shred your documents at our facility. Speak to one of our professionals to discuss the best shredding option to suit your unique needs.

Contact TrueShred for Secure Financial Paper Shredding

It is imperative to shred tax documents once the period of limitation expires to protect sensitive information from criminals and adhere to privacy regulations. Contact TrueShred today to request a quote for secure tax document shredding!

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10:00 am Monthly Community Shredding
Monthly Community Shredding
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Recycling Event To accommodate residential and small business clients, TrueShred offers a paper shredding drop-off option. Bring your medium sized boxes (Regular Bankers Box) of sensitive papers and for just $10 per box watch the
Katy Moore, Office Administrator - Law Office of Kevin Wilson

”I have worked with several document destruction companies over the past ten years and until contracting with TrueShred, I hadn’t met a company with which I felt so compelled to share with professional colleagues. TrueShred’s personnel are always polite, considerate, timely and attentive. . . I trust all of my future shredding needs to TrueShred!”