How long should financial records for a non profit organization be retained?
597376
The answer may surprise you. Seven years was usually considered enough for almost any record. That said, a nonprofit with a federal government contract was recently penalized hundreds-of-thousands of dollars when the feds came to do an audit of their contract 10 years later and no records existed. I don't know how that resolved. If they were smart they hired a good lawyer and fought hard.\n\nThe bottom-line, it has put those of us wih government contracts on notice to re-examine our retention policies and with no clear guidelines to work with. Note, however, that some contracts will state retention requirements explicitly.
174834
Keeping basic records on employees in a business or organization--used in performance reviews, references etc.
579620
Sorry! I am not aware of the time it takes in US to form a non- profit organisation however if ground work is done by you for official purpose 3 months might be sufficient. Your lawyer may help in giving exact information. firstly i suggest that you to form it at the place where you foresee to give your maximum time and energy and secondly it depends upon the issue which you are in interested to work for and the needs of that area with respect to those issues.
825750
Unless you are tracking some type of basis (like in a partnership interest for example) it is HIGHLY unlikely the IRS will need any information from a 1994 return.  \n\nBut to answer the other parts of your question so that you don't have this issue in the future.  I scan my tax returns and supporting documentation and keep it on a $15 flash drive that is stored in my safe deposit box - I currently have 11 years on the flash drive and it is not 1/4 full so I think it will be fine for a while.  FYI - I started on floppys (one per year) and have used more advanced technology as it is available.\n\nGood luck!
166162
I don't believe that records can be destroyed they are transfered to microfil or microfish and kept in storage. I believe that families can request them for family medical history.
582407
it's better to keep record of all your transaction with the bank statements. keep them properly filed each month and you should hang on to those for at least 3 years before disposing them. even if you have closed the account, you should keep them for at least a year. who knows you might get audited by the income tax department.
420804
If you are over the age of 18, it will stay, no mater what. you may request for the record to be removed but that does not happen much
522272
There are three general tax-record deadlines that you should be aware of before you start discarding or filing your tax-related records: \n\nThe Internal Revenue Service can audit any taxpayer's returns for three years from the date the return was filed. The audit may be random or may be due to specific red flags. Keep all tax records that document any deductions you took, income claimed or other information used to calculate your return. \nIf the Internal Revenue Service believes you have underreported gross income by more than 25%, they have six years to challenge your return. \nThe Internal Revenue Service has an indefinite time limit on those who fail to file a return or who fraudulently file a return. \nIn view of these time limits, you should have a good idea which one can apply to you. Now let's see what records should be kept and which can be discarded. \n\nTax Returns. You should keep returns indefinitely. They can provide excellent documentation for planning your financial future. Other than that, there is no legal reason to retain these for longer than the three-year or six-year period. \nSupporting Documents. Keep for six years your supporting records. These may include W-2 forms, 1099s, cancelled checks or receipts for charitable contributions and child care, mortgage interest statements, alimony payments or receipts, retirement plan contributions and withdrawals, receipts for medical expenses, professional dues and any other documentation that relate to items declared on your return. You may know you did not underreport income, but should the IRS audit, you have records to prove it. It is especially important for the self-employed individuals since their income may not be as easily documented as an employee's. \nHousing Records. Keep records relating to home improvements, additions, expenses involved in selling and buying a home for at least as long as you own a home plus six years. IRS Form 2119 for reporting the sale or exchange of a home and the purchase of a new one should also be retained. This pile of papers will show improvements you make or sale expenses added to the cost basis (usually the original purchase price) of your home. When you sell your home, the higher the adjusted cost basis, the smaller the capital gain or profit. \nInvestment Records. Retain all records that document purchases and reinvestment for six years after the sale of the investment. You may get rid of the monthly statements once you receive an annual statement that reflects the yearly activity. \nIRA Contributions. Records of nondeductible contributions to your IRA account should be kept indefinitely. These records would prove your amounts on Form 8606. When you withdraw these contributions in later years you will have the documentation to prove the tax has been paid.
513880
7 years from the last date of a collection attempt.
211766
you need to keep financial records for 7 years.  You can refile and make adjustments going back 3, but the IRS is allowed to go back 7 years.
1055835
Under FEDERAL law,an employer must keep your personnel records at leat two years after you've left.
527951
If it happens to be a US public company, that information can be found on SEC filings, by following the link below.\n\nIf it happens to be a not for profit organization, you can find that from the Form 990, which is public information. Guidestar is one place you can find the 990s.\n\nIf the above don't apply, you'll have to call them and ask
123988
As a general rule, you must keep all of the records and supporting documents that are required to determine your tax obligations and entitlements for a period of six years from the end of the last tax year to which they relate.\n\nThe six-year retention period under the ITA begins at the end of the tax year to which the records relate. The tax year is the fiscal period for corporations and the calendar year for all other taxpayers. The rules are similar for GST and HST under the ETA, as well as for the EIA , the CPP, and the ATSCA.\n\nRecords and supporting documents concerning long-term acquisitions and disposal of property, the share registry, and other historical information that would have an impact upon sale or liquidation or wind-up of the business must be kept indefinitely.\n\nNote\nThe CRA may specifically require you to keep records for an additional period of time. If this is the case, you will receive details by registered letter or by a demand served personally by CRA officials.\n\nThe following are special situations:\n\n    * If you file an income tax return late, keep your books and records for six years from the date you file the return.\n    * Keep all your records necessary for dealing with a notice of objection or appeal until the notice of objection or appeal is disposed of and the time for filing any further appeal has expired, or until the six-year period mentioned above has expired, whichever is later.\n    * When a non-incorporated business or other organization ends, the records have to be kept for six years from the end of the tax year in which it ceased to exist.\n    * When a corporation is dissolved, the following records have to be kept for two years after the date of dissolution:\n      - all records and supporting documents to verify the tax obligations and entitlements; and\n      - all the additional records that corporations have to keep, as listed above.\n    * When a corporation amalgamates or merges, business records must be retained as if the new corporation is a continuation of each of the original corporations.\n    * The legal representative of a deceased taxpayer or trust can destroy the records after receiving a clearance certificate(s) to distribute any property under his/her control.\n\n      Note\n      To request a certificate, complete Form TX19, Asking for a Clearance Certificate, and send it to your tax services office.\n\n      For more information, visit our Web site at www.cra.gc.ca/tax/individuals/life-events/death or consult T4011, Preparing Returns for Deceased Persons guide and T4013, T3 - Trust Guide.\n    * Registered charities and registered Canadian amateur athletic associations have to keep duplicate donation receipts for two years from the end of calendar year in which the donations were made. An exception to this rule applies to receipts for donated property, where the donor stipulated that the property be held for at least 10 years.\n    * When a registered charity or a registered Canadian amateur athletic association has its registration revoked, it has to keep the following records for two years after the date that registration was revoked:\n      - all records and supporting documents; and\n      - all the additional records that registered charities and registered Canadian amateur athletic associations have to keep, as listed above.\n\nDestroying records early\n\nBack to top\n\nYou may destroy your books of account and records at an earlier time than outlined above if you receive written permission from the CRA.\n\nTo get such permission, you (or an authorized representative) can:\n\n    * complete Form T137, Request for Destruction of Books and Records. or\n    * apply in writing to your tax services office. \n\nNote\nThe permission only applies to records that are required to be kept under the legislation administered by the CRA. The CRA has no authority to approve the destruction of records that you are required to keep under other federal, provincial/ter
794132
It depends. Some for only days...others for years.   Most keep them for months.  You'd have to check with your particular store you're interested in.  If you need tape pulled for a court case, just remember you'll have to get it subpoenaed...and you had better do it quickly so that they don't get rid of it.
602553
They are probably destroyed. Hospitals only keep medical records for 5 years if the file is inactive. Unless you have had a history of cancer, are a child at time of exam, or have mammograms. I would assume the millitary is the same
521525
You can also request a copy of the document directly from the charity or nonprofit organization - they are required to disclose it.  Some may have it available on the web.
446394
While the major credit bureaus keep negative items on file for seven years, ChexSystems keeps items for five years from the date of insertion.  If you decide to dispute anything on there request a copy of your chexsystems report.  Some banks run your credit at the time you open your account and some don't and some can use a Manager's discretion.  Plan on being on their database for a long time even if it wasn't your fault like depositing a false check that someone gave you.