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Simplifying Your Financial Records

Does it feel like clutter is taking over your home? Sorting through documents can be a good place to start decluttering, but be careful what you toss out. When you watch this video, you’ll hear a records management expert explain which tax documents you should keep in storage, and which ones you can safely shred.

Since the IRS can audit your tax returns as far back as seven years, you should keep all of your returns and supporting documents for seven years. These documents may include business receipts, canceled checks, and 1099 forms. You should save documents pertaining to your retirement accounts for the rest of your life. However, you can safely shred credit card statements after about two months.

POUCH Self Storage makes records management easy with our storage units in San Juan Capistrano. Call (800) 378-4598, and be sure to ask us about our available packing supplies to help you stay organized.