How Long Should You Keep Tax Records?

If you love collecting, then chances are that storage an issue in your household. A self-storage unit can be the perfect place to keep your collection, as long as you prepare things appropriately for storing. Keep your collection in top condition and save space at home with this advice for safe storage for some popular types of collectables.

Antique Furniture

Antique furniture can be a valuable thing to collect, but only if you store it properly. Start by using a protective cover on the furniture, which will help to prevent damage. Avoid using plastic covers, which will trap moisture and make wood and other materials swell. Be sure that you don’t wrap the furniture so tightly that air can’t circulate, which can also lead to problems with moisture control. Store furniture on pallets or cinderblocks instead of directly on the ground.

Trading Cards

Trading cards are easy to store as long as you protect them properly. Because cards are made of paper, moisture is the biggest issue you need to prevent. Top loader display sheets and magnetic display sheets are good for storage, since they protect your cards while allowing you to look at them. Store the sheets inside binders, and put the binders on shelves in the storage unit, rather than on the floor. Avoid stacking the cards loose in boxes, as the cardboard won’t provide adequate protect from dust, moisture, and debris.

Dolls

Doll collections can easily take up too much space in your home. To keep them safe in storage, avoid plastic coverings and instead wrap the dolls in acid-free tissue paper and place them in doll storage boxes. Keeping the boxes off the ground on pallets or shelves will help to protect them from dust and debris.

Don’t give up your collecting hobby. Instead, use a self-storage unit in San Juan at POUCH Self Storage to keep your items protected and out of your home. For more information about renting a storage unit, call us at (800) 378-4598.

Once you file your taxes, you may feel like getting rid of all of your records, but in reality, it’s important to hang on to them for a minimum of 7 years. If you ever face an audit for your personal taxes or your business, being able to pull your old tax records out of your storage unit could be critical in your case.

In most cases, you should keep your tax records for at least three years from the date on which they were due. If you file for a special circumstance, such as a bad debt deduction, you should keep your records at least seven years. If you have the space in your personal storage or business storage facility, keeping your taxes indefinitely is ideal.

POUCH Self Storage offers storage units in a variety of sizes, as well as records management services and on-site document shredding. Get more information about storage units in Tustin for your personal or business use by calling (800) 378-4598.