What if I can’t get my documents to you during business hours?
If you need to drop off documents before or after business hours we have a secure Drop Box located by the main entrance on the upper level (north side of the building). The drop box is checked daily.
Where should I park?
We have two levels. Suite 201, the upper level, has parking available on the north side of the building and has handicap accessible parking. Suite 101, the lower level, has parking available on the South side of the building. There is a wheelchair ramp located to the west of the doorway on the lower level. For the 2021 tax season, Suite 101 is closed. If you are dropping off tax documents, we are only accepting them in Suite 201.
How long should I keep financial records?
The IRS recommends hanging on to your files for assets until the statute of limitations expires for the year in which you sell them. Your financial planner can offer guidance in this area for your specific situation.
It would be wise to keep records on assets such as stocks, bonds or your house longer than the statute of limitations suggests.
How long should I keep tax records?
According to IRS recommendations, taxpayers should keep their returns and any supporting documentation for three years. After three years, the statute of limitations for an IRS audit expires.
However, the IRS can go back six years to assess additional tax if income has been under-reported by more than 25%. Therefore it is recommended that you keep your tax records for at least seven years. If you don't file a tax return, or if you file a fraudulent return, the IRS has no statute of limitations. In this case it may be best to keep your records indefinitely. As always, consult your tax preparer for more details.