How long to keep old financial records

ByMaesz

As the summer and the year begin to wind down, all business owners need to think about tax time and, therefore, about record keeping.

How long should you keep those old bank statements, etc? The IRS has the answer at http://www.irs.gov/businesses/small/article/0,,id=98513,00.html

  • About the Author
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Glenna Mae Hendricks. She is an entrepreneur and income tax consultant, so we get lots of good tax tips from her. She is an oenophile (“look that up in your Funk and Wagnall’s,” she says), and a wine enjoyment teacher/guide who also writes wine notes at the Allen’s Retail Liquors site. Her political thoughts (and occasional outbursts of domesticity) appear at Old Feminist and Wild-eyed Liberal.

Published: August 8, 2007

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