Keeping Records

Most people store their old records, (such as old tax documents, receipts, and bills), in boxes in their basement. There will be a section of the basement devoted to boxes of old documents that people keep for those “just in case” moments that will probably never happen. However, many people would rather be safe than sorry, so they stockpile all of these old documents and hoard them until they finally see that there is no use for them any more.

The IRS has some tips on what documents are good to keep, how long you should keep them, etc. so that you can store other useful things in your basement.

What tips do you have for storing your documents?

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Recordkeeping

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