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3 Things to Know Before Throwing Out Your Old Tax Returns

Source: fool.com - May 5, 2020

Tax season eventually comes to a close, but you'll always have your tax return and other paperwork to serve as a reminder of that time -- at least until you throw it out. Hopefully, you're not doing that the second you've gotten your refund or paid your tax bill for the year, though, because that could cause huge problems if the IRS decides to pay you a special visit.

That's not to say you can never throw out your old tax paperwork. You just need to know when it's safe to do so and how to get rid of those documents the right way. There are three things you should know before you decide to dump your old tax returns in the trash.

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Category: General Business