Holding Period of Time for Records

Tax Returns - Permanent
Cancelled Checks - 3 Years
Bank Deposit Slips - 3 years
Bank Statements - 6 years
Travel & Entertainment Reports - 3 years
W-2's, 1099's, 1098's - 6 years
Proof of Tax Return Deductions - 6 years
Credit Card Slips/Statements - 3 years
Inventory Reports - 6 years
Journals, Ledgers - 3 Years
Minutes of Meetings - Life of Organization
Depreciation Schedule - Life of Organization
Sales, Purchase Invoices - 6 years
Corporate Stock Records - Permanent
Financial Statements - 6 years
Retirement Acct. Info - Permanent

Employee Payroll Records -
- - 3 years beyond the year of termination

Financial / Insurance contracts -
- - 6 year beyond final year of contract

Capital Expenditures / Improvements -
- - 3 years beyond property is disposed of

Security Sales / Purchase Slips -
- - 3 years beyond the year the asset was sold

Closing Papers on Properties -
- - 3 years beyond the year the property was sold

Please contact Topolinski & Associates regarding more information on this topic.