“How long should I keep my tax documents?”

We get this question all the time.  The answer is, “it depends on the document.” Tax laws being what they are, there is no single rule of thumb that an individual or business owner can use.  For that reason, the Massachusetts Society of CPAs has created a comprehensive document retention guide that has recommendations on how long a variety of tax documents should be kept stored. The guide is in PDF format which means you should be able to print the guide and keep it handy as you go about the business of storing files. To get access to this guide, please click here. If you should have questions about document retention, don’t hesitate to contact a Rodman Team member at 617.965.5959.