Originally Posted by
AlienQuilter
Also, we have accumulated so much in the years that we have lived here, that I'm thinking of throwing out a lot of old receipts/paperwork. I wonder if it's okay to throw stuff out that is 10 plus years? Just how far back does the IRS go when they do an audit?
That's one of those 'it depends' questions.
http://www.forbes.com/sites/kellyphi...after-tax-day/
http://money.msn.com/how-to-budget/h...er-weston.aspx
Also, the retention time for state tax records varies by state, so check that, too.