H&R Block hosts national shred day with free events nationwide
“Tax and other financial documents can help you claim all the tax benefits you’re entitled to, but they also contain some of your most important information. We are committed to protecting personal data ourselves and helping taxpayers protect their own information,” said
Taxpayers need to keep only a few documents indefinitely
During tax season, taxpayers often question what tax and financial documents they should shred, discard or keep.
“The good news is that taxpayers usually need to keep only a few types of documents indefinitely,” said Orosco. These can include records of business income and expenses for as long as the taxpayer owns the business, property sales that resulted in net-operating or capital losses and records of home improvements or other expenditures that establish basis in a home.
Three years is often sufficient for most documents
Taxpayers should keep most of their tax-related documents for at least three years. Three years from the return due date is generally the timeframe a tax return is open for review and a taxpayer could need to substantiate information on the tax return. This kind of information may include:
Taxpayers should save their tax returns a minimum of three years but there are good reasons to save it longer than that, for example if it has business schedules (such as Schedule C) or other information they may want to refer to in the future.
“Ultimately, whether or not you keep supporting documents, and how long you keep them, depends on whether you used them for your tax return or need them for other purposes,” said Orosco. “For instance, if you’re not deducting rental expenses or claiming a home office deduction, you probably don’t need to save utility bills.”
Tax-filing discount available until
“Just as important as keeping tax and financial documents secure is using those documents to get the best tax outcome you can. When you bring in your old documents for shredding, you might also want to bring in your current documents so we can help you get your maximum refund,” said Orosco.
Eligible taxpayers can also switch to
“Tax Shred Live” event brings together document shredding and guitarists “shredding”
To celebrate and bring awareness to the shredding events across the country, guitarists
Batio is one of the originators and pioneers of the entire “shred” genre. He showcased guitar techniques and innovations, for the first time, on his early instructional programs as well as in live performances, which are now considered standard techniques among guitarists throughout the entire world.
Rolling Stone called
Visit H&R Block’s
Find a nearby participating office from among the 400 offices nationwide offering free shredding events on
For more information, call 1-800-HRBLOCK or schedule an appointment online.
For Further Information
Source: HRB Tax Group, Inc.