A. Yes, you can clear out some of the paperwork clutter, but do so carefully. Some records should be kept forever, and others can be destroyed after the statute of limitations has run out on the related tax returns. Here is a rundown of what you can toss (after shredding), and what you need to hold onto.
In most cases, the IRS can audit your return for three years.This means that in 2013, you can generally throw out records for the 2009 tax year, if you filed a return in 2010.
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