It is tax season again, and even though we are in the cyber age, there is still a lot of paper. If you have more paper than you care to shred at home come to American Classic Homes’ free shredding events later this month!
Document shredding is a process used to destroy paper documents by cutting the paper into very small pieces. There are two main reasons why document shredding is important: to prevent identity theft, one of the fasted growing crimes in the world, and to dispose of personal documents To make it even easier to shred, bring your old documents to our FREE shredding events conveniently located at Heritage Estates on Saturday, May 2nd from 2-4 pm and at Tarrington Place on Sunday, May 3rd from 2-4 pm. Coffee and treats will be served as well.
What to Shred
You should shred anything that contains a signature, account number or social security number as well as sensitive medical or legal information. This could include:
- ATM receipts & Bank statements
- Canceled & voided checks
- Credit card bills, summaries & receipts
- Credit reports & histories
- Investment Documents
- Documents containing passwords or PIN numbers
- Driver’s licenses or items containing a driver’s license number
- Employment records & Employee pay stubs
- Expired passports, Visas & Identification cards
- Investment, stock & property transactions
- Anything with a Social Security numbers
- Tax forms
What to Keep
- Tax Info/Returns – 3 years on supporting documentation & actual tax returns
- Investment Records and Statements – 3 years to support your tax returns
- Bank Statements & Cancelled Checks – Keep any cancelled checks that support tax documentation. Bank statements – 3 years
- Pay Stubs – Keep 3 months
- ATM Receipts – Keep until you compare them with your bank statement
- Credit Card Statements – Keep for one year in case a dispute were to arise.
- Credit Card Receipts – Keep until you compare it to the statement.
- Utility Bills –no need to keep these types of records.
- Warranties – As long as you own the item or until the warranty expires.
- Insurance – Insurance policies & claim forms as long as policy is in effect.
- Deeds, Mortgages & Home Improvement – Keep for as long as you own the home plus 3 years.
- Powers of Attorney
- Birth Certificates
- Marriage, Divorce or Child Care Orders
- Trust Documents
- Business Agreements
- Military records