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WEALTH MANAGEMENT
TRADITION WEALTH MANAGEMENT
Tradition Wealth Management has as well as the I.R.S.’s capability to mean holding on to them for as long entered its 17th year of guiding assess additional tax for that tax as you live. As a last note, a tax our clients. We are an independent year. The agency advises every professional, attorney, insurer, or financial planning and investment taxpayer to retain tax records for creditors may prefer that you retain management firm. Our team of at least three years. If you file a your business or personal tax records professionals provide an impartial for longer than the 3-7 years the I.R.S. claim for a loss from worthless approach to asset management securities or bad debt deduction, recommends, depending on your as we have a fiduciary duty to the recommendation is seven years. financial, legal, or business situation. act in the best interest of our clients If you have tax records pertaining to at all times. Since our last newsletter, real estate transactions, you should - John Hause | Investment Advisor, Partner Tradition Wealth Management Eric Peyton has moved into the keep them until you either sell or Wayzata office, and our North Oaks transfer the property, which could office will be opening very soon. We are currently seeking quality advisors to help grow TWM into the future.
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RETAINING YOUR TAX RECORDS
How long should you keep your income tax forms around? An old adage says seven years, but there is no simple answer to that question. The Internal Revenue Service advises you to hang on to your 1040 forms and other federal tax forms until the period of limitations applying to them runs out – in other words, until the deadline to amend your return passes
For more information, call 952-563-6500
Securities offered through ProEquities, Inc., a Registered Broker/Dealer, Member FINRA/SIPC. Investment Advisory Services offered through Tradition Wealth Management, LLC, a Registered Investment Advisor. Tradition Wealth Management, LLC, ProEquities, Inc., and all other Tradtion-branded companies are independent entities.
wealth management Source: irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records [5/1/19]
