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When is it OK to throw out old tax documents? | Accounting Today

Accounting Today

After every tax season, it’s tempting to do some spring cleaning, which often includes a massive dump of recently filed tax data. While many firms have migrated to paperless records, many still grapple with the issue of tax record retention. One of the most confusing questions clients ask their accountants is: what do I do with my tax records and how long do I need to keep them?