I just received box after box of past financial files. How long do we have to legally hold onto these files. I have them dated back to the 2001-2002 school year. -
We have an item in our File Exchange that gives a run through of IRS requirements for keeping documents. Some documents, such as the group's incorporation papers, should be kept permanently, while bank statements are kept for seven years. There's a specific list in the file here.
- Rose H
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