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SHRED-IT!
When: Saturday, April 26th, 9am -
1pm
Where: Smithfield DPW Garage
3 Spragueville Road
map
(Behind Dave’s Towing
Service) |
Bring
up to three bankers boxes of documents to be shredded
for free!
Now that
taxes have been filed you may be looking at your old
1040s and wondering how long you need to hold on to
them. While you should save your tax returns
indefinitely, you can discard the supporting
documentation after six years. So, all those W-2s, bank
statements, etc. from years prior to 2002 can be
discarded. To ensure confidentiality and prevent
identity theft, Smithfield invites residents to a
Shred-It event on Saturday, April 26th at the Public
Works Garage, 3 Spragueville Road (Behind Dave’s Towing
Service) from 9am until 1pm. Please limit the amount of
documents you bring to no more than 3 bankers boxes.
Recycling for cardboard boxes you bring your documents
in will be provided.
The first 10 residents to participate will receive a
gift certificate to Dunkin’ Donuts, courtesy of Dan’s
Management, a Dunkin’ Donuts franchisee.
You are not limited to only shredding supporting
documents for taxes. You may bring any paper items (no
CDs or credit cards are accepted).
There are other documents you may not know you can
discard after a period of time. You can discard the
documents according to the list below:
-
Bank
statements—six years
-
Brokers’
confirmation slips for purchases—until security is
sold
-
Canceled
checks—six years
-
Contracts—seven years after expiration
-
Credit
card statements—six years
-
Receipts
for home improvements that can be added to tax basis
of home—
six years after home is sold in a transaction that
is not a “rollover” transaction
-
Insurance papers (all types of insurance)—four years
after expiration
-
Mortgage
records—three years after paid off
-
Owners’
manuals for appliances—until item is discarded
-
Receipts
for major warranted purchases—until item is
discarded or sold
-
Records
supporting income tax returns and deductions (W-2s,
1099s, receipts)—six years
-
Warranties and extended service agreements—until
expiration
-
Owners’
manuals and warranties for appliances and cars you
no longer own—immediately
-
Receipts
for credit card purchases if not major or related to
a tax deduction—immediately
Please
call Recycling Coordinator,
Gina Barbeau at 233-1034 with questions.
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