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Shred Event June 5th 2021

Shred Event June 5th 2021

| April 22, 2021
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Almost that time of year again to Shred your old documents!  

We are hosting a Shred Event in our Parking lot.

Saturday June 5th 2021

We are partnering up with the Guilford Rotary Club again this year. 
Clients of Guilford Financial Group, Inc. can shred documents for free. 
Friends, Family and public a $10 donation per box to go to Guilford Rotary Club. 
100% proceeds will go to the Guilford Rotary Club. 
Guilford Rotary Club in return gives back to the community.  

Sign up Here 

*Limited to 10 boxes per house hold    

* We do not dispose of boxes

You can stay in your car while a volunteer takes out your shredding documents.  A great secure way to dispose of information! 

Shredding Tips:

Keep till warranty expires or can no longer return or exchange

  • Sales Receipts (Unless needed for tax purposes and then keep for 3 years)

What to keep for 1 month

  • ATM Printouts (When you balance your checkbook each month throw out the ATM receipts)

What to keep for 1 year

  • Paycheck Stubs (You can get rid of once you have compared to your W2 & annual social security statement)
  • Utility Bills (You can throw out after one year, unless you're using these as a deduction like a home office --then you need to keep them for 3 years after you've filed that tax return)
  • Cancelled Checks (Unless needed for tax purposes and then you need to keep for 3 years)
  • Credit Card Receipts (Unless needed for tax purposes and then you need to keep for 3 years)
  • Bank Statements (Unless needed for tax purposes and then you need to keep for 3 years)
  • Quarterly Investment Statements (Hold on to until you get your annual statement)

What to keep for 3 years

  • Income Tax Returns (Please keep in mind that you can be audited by the IRS for no reason up to three years after you filed a tax return. If you omit 25% of your gross income that goes up to 6 years and if you don't file a tax return at all, there is no statute of limitations.)
  • Medical Bills and Cancelled Insurance Policies
  • Records of Selling a House (Documentation for Capital Gains Tax)
  • Records of Selling a Stock (Documentation for Capital Gains Tax)
  • Receipts, Cancelled Checks and other Documents that Support Income or a Deduction on your Tax Return (Keep 3 years from the date the return was filed or 2 years from the date the tax was paid -- whichever is later)
  • Annual Investment Statement (Hold onto 3 years after you sell your investment.)

What to keep for 7 years

  • Records of Satisfied Loans

What to hold while active

  • Contracts
  • Insurance Documents
  • Stock Certificates
  • Property Records
  • Stock Records
  • Records of Pensions and Retirement Plans
  • Property Tax Records Disputed Bills (Keep the bill until the dispute is resolved)

Home Improvement Records (Hold for at least 3 years after the due date for the tax return that includes the income or loss on the asset when it's sold)

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