The length of time you should keep a document depends on the action, expense, or event which the document records. Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out. The period of limitations is the period of time in which you can amend your tax return to claim a credit or refund, or the IRS can assess additional tax. The information below reflects the periods of limitations that apply to income tax returns. Unless otherwise stated, the years...
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Did you know that on average more than half of all resolutions fail? Not this year. Let Vital Valt help you achieve your goals! One of those resolutions may have been to clean, organize and/or streamline a certain area. At home this space could include the Garage, Attic &/or Closet. At work this space could include the Pantry/Kitchen, Storage Room, Filing Area. Cleaning up these areas usually means finding a need to arrange things in an orderly way so you can find them again. Ever take an Inventory? Ever take that same inventory the next year and find the same...
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