Storing Tax Related Documents

Keeping your tax-related documents is extremely important in the digital age. If you are storing your tax documentation on a computer, be sure that the computer itself is protected. Use lengthy and unique passwords and restrict access to only those necessary. We recommend changing your passwords frequently for maximum security. Additionally, consider keeping the information on an external hard drive should your computer crash. When accessing your tax files or filing your taxes, be sure you do so over a secure network. Avoid using public wi-fi as those around you may be able to access your information more easily. If you are keeping paper copies of your tax information, ensure they are stored safely and securely. The IRS recommends storing the information under lock and key, and ideally in a waterproof container. The IRS generally recommends keeping your tax return documents for three years. After that time, shred any paper documentation and permanently erase the files from your computer. If you are getting rid of an old computer entirely, ensure that tax and other personal data have been removed. We are constantly working to stay on top of the latest safety and security recommendations, and you can trust that your information is safe in our hands.