The (Long) List of Financial Documents You Should Keep<br />Another crucial bit of I. R.A.<br />record-keeping is any record of conversions from regular I. R.A.s to Roth I. R.A.s, which allow you to withdraw the money free of taxes decades later.<br />While some people won’t need to keep track of every last charitable deduction any longer, your financial life is made up of more than just the things<br />that the Internal Revenue Service is willing to let you deduct.<br />UnitedHealthcare keeps relevant data from its explanation of benefits forms for 10 years from the claim date,<br />and it will give you free copies even if you or your employer are no longer customers.<br />Our tax collectors also offer the following bit of unintentionally hilarious guidance on a tip sheet for people who own small<br />businesses: “Keep records indefinitely if you file a fraudulent return.” In other words: Please, don’t cheat on your taxes.<br />In this season of paper piles, bursting files and inscrutable tax forms arriving in the mail, tip your cap to one aspect of the new tax bill.
