I am sure you have heard the statistic that 80% of what is filed is never looked at again.
Do you know the difference between papers that are references and those that are records? Learning the difference can save a lot of work and maybe a few trees in the process.
Records are papers that you need to keep for legal or business reasons. You can check with your accountant, lawyer and/or the IRS for a list of these documents and the recommended retention for each type of record. [Read more…]