1 Bank Statements (Unless needed for tax purposes and then you need to keep for 3 years). 2  Quarterly Investment Statements (Hold on to until you get your annual statement). 3  Income Tax Returns (Please keep in mind that you can be audited by the IRS for no reason up to three years after you filed a tax return. Utility Bills (You can throw out after one year, unless you're using these as a deduction like a home office --then you need to keep them for 3 years after you've filed that tax return). 2  Cancelled Checks (Unless needed for tax purposes and then you need to keep for 3 years).
http://apps.suzeorman.com/igsbase/igstemplate.cfm?SRC=MD012&SRCN=aoedetails&GnavID=84&SnavID=20&TnavID&AreasofExpertiseID=17
1 Bank Statements (Unless needed for tax purposes and then you need to keep for 3 years). 2  Quarterly Investment Statements (Hold on to until you get your annual statement). 3  Income Tax Returns (Please keep in mind that you can be audited by the IRS for no reason up to three years after you filed a tax return. Income Tax Returns (Please keep in mind that you can be audited by the IRS for no reason up to three years after you filed a tax return. 2  If you omit 25% of your gross income that goes up to 6 years and if you don't file a tax return at all, there is no statute of limitations.).
http://apps.suzeorman.com/MD012/printpage.cfm?AreasofExpertiseID=17
1 Credit Card Receipts (Unless needed for tax purposes and then you need to keep for 3 years). 2  Bank Statements (Unless needed for tax purposes and then you need to keep for 3 years). 3  Quarterly Investment Statements (Hold on to until you get your annual statement). Utility Bills (You can throw out after one year, unless you're using these as a deduction like a home office --then you need to keep them for 3 years after you've filed that tax return). 2  Cancelled Checks (Unless needed for tax purposes and then you need to keep for 3 years).
http://apps.suzeorman.com/igsbase/igstemplate.cfm?SRC=MD012&SRCN=aoedetails&GnavID=84&SnavID=20&TnavID&AreasofExpertiseID=17
You owe additional tax and situations (2), (3), and (4), below, do not apply to you; keep records for 3 years. You do not report income that you should report, and it is more than 25% of the gross income shown on your return; keep records for 6 years.. The length of time you should keep a document depends on the action, expense, or event the document records. Generally, you must keep your records that support an item of income or deductions on a tax return until the period of limitations for that return runs out.
http://www.goodfinancialcents.com/how-long-should-you-keep-bank-financial-tax-statements/
1 Year. 1  Monthly Bank Statements: Keep these for 1 year, unless you have your own business, in which case you should hold on to them for 6 years. 2  Monthly Brokerage/Mutual Fund Statements: Reconcile with your annual statement and then shred. Monthly Bank Statements: Keep these for 1 year, unless you have your own business, in which case you should hold on to them for 6 years.
http://www.mrsjanuary.com/personal-finance/how-long-to-hold-on-to-financial-records-in-canada/
In addition that, I wanted to also share how long you should keep some of the other important documents you receive such as tax returns, bank records and 401k statements.I can’t reiterate enough how important it is to be organized.. The length of time you should keep a document depends on the action, expense, or event the document records. Generally, you must keep your records that support an item of income or deductions on a tax return until the period of limitations for that return runs out.
http://www.goodfinancialcents.com/how-long-should-you-keep-bank-financial-tax-statements/
Keep monthly statements for one year; you can dump them if your annual statement summarizes all activity. Keep the yearly summaries as long as you own the security, plus seven years. You need proof of your purchases to prove capital gains and losses on your tax return.nce you've purged, separate must-keep papers into three categories: those you need to keep for one calendar year, those you need to keep for a longer period and hard-to-replace documents like birth and marriage certificates. (See chart: What records to keep, how long to keep them .) Then decide on a home for each.
http://www.creditcards.com/credit-card-news/what-records-keep-how-long-1267.php
1 Monthly Bank Statements: Keep these for 1 year, unless you have your own business, in which case you should hold on to them for 6 years.2  Monthly Brokerage/Mutual Fund Statements: Reconcile with your annual statement and then shred. Monthly Bank Statements: Keep these for 1 year, unless you have your own business, in which case you should hold on to them for 6 years.
http://www.mrsjanuary.com/personal-finance/how-long-to-hold-on-to-financial-records-in-canada/
1 Credit Card Receipts (Unless needed for tax purposes and then you need to keep for 3 years). 2  Bank Statements (Unless needed for tax purposes and then you need to keep for 3 years). 3  Quarterly Investment Statements (Hold on to until you get your annual statement). Income Tax Returns (Please keep in mind that you can be audited by the IRS for no reason up to three years after you filed a tax return. 2  If you omit 25% of your gross income that goes up to 6 years and if you don't file a tax return at all, there is no statute of limitations.).
http://apps.suzeorman.com/MD012/printpage.cfm?AreasofExpertiseID=17
1 Income Tax Returns (Please keep in mind that you can be audited by the IRS for no reason up to three years after you filed a tax return. 2  If you omit 25% of your gross income that goes up to 6 years and if you don't file a tax return at all, there is no statute of limitations.). Utility Bills (You can throw out after one year, unless you're using these as a deduction like a home office --then you need to keep them for 3 years after you've filed that tax return). 2  Cancelled Checks (Unless needed for tax purposes and then you need to keep for 3 years).
http://apps.suzeorman.com/igsbase/igstemplate.cfm?SRC=MD012&SRCN=aoedetails&GnavID=84&SnavID=20&TnavID&AreasofExpertiseID=17
how long should one hold bank statements?
You should hold bank statements for 3 years. You should hold bank statements for 3 years long.