At Christianson, making sure you're prepared and never at risk is one of our top priorities. One of the most commonly asked questions is: "how long do I have to keep my tax records?". This is important for both individuals and for businesses. Here's what you need to know: How Long Should I Keep Records? The general recommendation is to keep tax records for 3 years from the date you filed your tax return. So for 2016 tax returns filed by April 15, 2017, the 3 year period expires on April 15, 2020. This is the timeframe that you have to amend a tax return or the IRS has to audit you. There are certain circumstances when the IRS can initiate an audit after the 3 year period, such as if a tax return was never filed, or if a Read More...
October is Financial Planning Month!
October is Financial Planning Month! Christianson wants to you to make sure you have the puzzle pieces to personal finance assembled to set yourself up for a successful future. What have you done to prepare for a sustainable financial future? Many people neglect to consider retirement until well past the time they are eligible to participate. For some, it’s back-of-mind because it’s so far into the future. For others, it’s a matter of feeling like the money is going away, instead of preserving it for their future, so it’s simply a misunderstanding of what financial planning entails. We want to ensure you are equipped with the knowledge necessary to have a successful retirement. Two of the primary ways your employer may assist you as Read More...
