SERVICE FOLLOW-UP: CALL 1-914-417-4123
5 West Main Street, Suite #104. Elmsford, NY 10523

Business Taxes

How Long to Keep Business Taxes?

Tax document retention is mostly recommended to comply with IRS regulations, but tax documentation can also serve to benefit gaps in financial knowledge or to supplement legal cases where financial documentation is needed as testimonial evidence.

Suggested Retention Duration for Select Business Tax Records

Document Type Suggested Minimum Retention
Audit reports Permanently
Tax returns and worksheets Permanently
Year-end financial statements Permanently
Investment trade confirmations Permanently
IRS agent reports Permanently
Insurance records Permanently
Chart of accounts Permanently
Employee W-2 forms 7 years
Employee W-4 forms 5 years
Internal audit reports 3 years
Sales records 7 years
Employee timesheets 7 years
Payroll withholding statements 7 years

Other Documents

Similar tables are provided in the corresponding sections for:

Important note: This list is not meant as a substitute for legal advice. Consult your CPA or a New York business attorney for specific recommendations.


NAID Certified

Complies with and fulfills all regulatory
requirements and policies of the
National Association for Information Destruction

Contact Us

PROSHRED® New York - Paper Shredding Service
5 West Main Street #104
Elmsford, NY 10523

Sales Support Center:
One Pierrepont Plaza
300 Cadman Plaza West, 12th Floor
Brooklyn, NY 11201

Call: 1-914-275-0404

Main Office Hours:

Monday – Friday
8:30 AM – 4:00 PM

What People Are Saying About PROSHRED®

Just call and make an appointment. They come right to your door. Everything is shredded right then and there in front of you. No waiting; nothing to get rid of.

- Yve Dav

Read More Testimonials