Skip to main content

Home/ lejwklpksdrccyqyixxw/ Save Thousands by Claiming Dependents on Your Tax Return
Lloyd Underwood

Save Thousands by Claiming Dependents on Your Tax Return - 0 views

tx child support in texas laws organize clutter declutter space

started by Lloyd Underwood on 21 Apr 12
  • Lloyd Underwood
     
  • if for major purchase without the need of warranty, keep receipt if product tx child support laws replacement cost is above the deductible on your homeowner's insurance policy



  • Toss after One Calendar year

    • Bank/Financial Institution month-to-month statements (unless required for home business)

    • Brokerage/Mutual Fund Statements (Monthly/Quarterly)

      • reconcile with all your annual statement



    • Credit card monthly statements


    • Credit file


      • you should request your credit report annually so that all information is accurate and up-to-date, especially with regard to accounts you have closed in the course of the year


      • requesting this file annually allows you to prevent identity theft, so you can see who has asked for the report and for what purpose



      • Month-to-month Mortgage Statements


        • reconcile with all your annual statement



        • Pay for stubs


          • shred after reconciling with all your W-2 or 1099 (US) or T4 (Canada)



          • Telephone/Utility costs



          • Retain for 7-10 Years

            • Almost any T4 Forms - including T4E, etc. (Canada)

            • Twelve-monthly Mortgage Statements

            • Supporting documentation (baulked cheques/receipts/statements) for tax returns including but not tied to:

              • donations

              • pension account contributions

              • infant care receipts

              • alimony/child help paid or received

              • professional medical expenses

              • house loan interest

              • property or home tax payments



            • W-2 and also 1099 Forms (PEOPLE)


            • Year End statements from Credit cards (if provided)


            • Year End statements from electricity companies (if available)



            • Keep Indefinitely

              • Adoption Records

              • Auto/Home/Life Insurance policy information

                • keep purchase records so long as policy is in pressure



              • Automobile Records (ownership certificate/registration)


                • keep so long as you own your vehicle

                • if annual registration required, keep just current registration paper



                • Beginning Certificates


                • Business Income tax returns, and supporting paperwork, if self-employed


                • Death Certificate


                • Separation Agreement/Child Custody Court Assignments


                • Expense records clearly showing beneficiary information


                  • pay for records

                  • sales records



                  • Marriage Certificate


                  • Professional medical records


                  • Immunization reports to children


                  • Military service records


                  • Retirement living Plan records


                  • Bills for major home improvements/renovations


                  • Receipts for major purchases which happen to have long life expectancy (refrigerator, stove, freezer, vehicles)


                  • Strict records


                  • School/Education records


                  • Taxation statements


                    • The united states, the IRS has three years to from the day you file your tax bring back to examine your return for errors and up to 6 years to help audit your return if they suspect that there is underreported your gross income by 25% or more. There is no statute of limitations on an audit when deliberate fraud is suspected.


                    • With Canada, CRA advises that you keep your tax dividends, Notices of Assessment, and all supporting documentation for 6 years from the date of filing your own personal income tax return.


                    • NOTE~I recommend keeping these indefinitely as they take up little space and can often be a valuable resource if there is any dispute over specific things like income tax paid, infant support/alimony paid or received and pension plan positive aspects.



                    • Will and/or Power of Lawyer


                      • ought to be kept securely in some sort of fire-proof home safe and also safety deposit box your financial institution



                      • Season End Investment account summaries



                      • Today what?

                        Now you know what to keep, where are you supposed to put everything?

                        Set up a painless home filing system to hide the basics, and buy couple of sturdy cardboard or even plastic filing boxes for any information you should keep log-term or indefinitely.

To Top

Start a New Topic » « Back to the lejwklpksdrccyqyixxw group