Lynda Doland, CPA gives some insight on which records you should keep, and for how long:

 

 

All too often, our files get cluttered with old records that we hold on to “just in case.” When it comes to tax returns and other supplemental documents, this article I found from CPA Practice Advisor has tips straight from the IRS:

  1. Always keep copies of your filed tax returns. They help in preparing future tax returns and making computations if you need to file an a
Read More >>

**UPDATE: This post has been updated as of 12/22/16** As we approach year-end, there are a few important updates to filing deadlines and rate changes to keep in mind. Shirley Wu, CPA explains:

 

New filing deadline for forms W-2 and 1099:

Beginning with the 2016 forms (e.g. those filed in 2017), Form W-2 and Form 1099-Misc, for payments reported in box 7, must be filed with the Social Security Administration or IRS, respectively, by January 31, 2017 rather than the prior Read More >>