Yes, you need to keep that receipt.
As we emerge from tax season I’m reflecting back on some of the issues clients struggled with or had questions about. One of the most frequently discussed topics with clients is about paperwork and records. What should I keep? How long should I keep it? Where should I keep it? And on, and on. It’s a great topic to take action on now that your papers are (somewhat) organized from the 2014 tax process.
Luckily there’s a pretty handy resource online. The Cooperative Extension System, a unit of the Department of Agriculture, offers a free course offering advice, tips, and tools about organizing your important documents. Click here to go to the first lesson. You can also contact us to discuss these important documents.