James E Raftery, CPA
James E. Raftery, CPA, PC


James Raftery Services Keeping your records can be time consuming and a little confusing. We offer this list of Common Record Retention Guidelines to help you organize you efforts more effectively. Unless stated otherwise, all records can be kept electronically for the same periods.
Non-Profit/Charities

Bank Statements - 7 years
Cancelled Checks - 7 years
- for fixed assets: Permanently
- for Income Tax: Permanently
Deposit slips - 7 years
Businesses

Bank Statements - 7 years
Cancelled Checks - 7 years
- for fixed assets: Permanently
- for Income Tax: Permanently
Deposit slips - 7 years
Individuals

Bank Statements - 3 years
Cancelled Checks - 3 years
Charitiable Contributions - Keep w/ Tax Return
Deposit slips - n/a
Employee Expenses - Keep w/ Tax Return
Income Tax Return - Permanently
Investments - Keep purchase records 3 to 6 years after sale of investment
IRAs - Permanently
Medical Expenses - Keep w/ Tax Return
Pay Stubs - Keep for one year.
Personal Certificates (SSN, Name change, Divorce, Death, etc) - Permanently
Real Estate - Keep all current, and 3 to 6 years after property has been disposed of and all taxes paid.




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JAMES E. RAFTERY, CPA, PC - 606 N STAPLEY DRIVE - MESA, AZ 85203
phone 480.835.1040 - Email the firm
















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