Virginia Log of Records Retention Requirements

State:
Multi-State
Control #:
US-AHI-250
Format:
Word; 
Rich Text
Instant download

Description

This AHI form is a log of requirements regarding the retention of company records. This form lists the type of form and how long it should be kept before it is thrown away.
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FAQ

All medical records, either original or accurate reproductions, shall be preserved for a minimum of five years following discharge of the patient. 1. Records of minors shall be kept for at least five years after such minor has reached the age of 18 years. 2.

As a general rule of thumb, tax returns, financial statements and accounting records should be retained for a minimum of six years.

6.2 Retention times for specific records are defined in Table 1, unless otherwise specified quality records shall be retained for 10 years. In no case shall the retention time be less than seven years after final payment on the associated contract.

The minimum retention period is the shortest amount of time that a WORM file can be retained in a SnapLock volume. If the application sets the retention period shorter than the minimum retention period, Data ONTAP adjusts the retention period of the file to the volume's minimum retention period.

Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.

All medical records, either original or accurate reproductions, shall be preserved for a minimum of five years following discharge of the patient. 1. Records of minors shall be kept for at least five years after such minor has reached the age of 18 years. 2.

To be on the safe side, McBride says to keep all tax records for at least seven years. Keep forever. Records such as birth and death certificates, marriage licenses, divorce decrees, Social Security cards, and military discharge papers should be kept indefinitely.

How much should be the retention of internal audit and MRM records? The logical answer is a minimum of 3 years as that is the time frame of ISO certificate.

The general minimum amount of time to keep business records is a minimum of 7 years. The following documents and records should be kept; Business Tax Returns and other supporting documents: Until the IRS can no longer audit your return.

Practitioners licensed under this chapter shall maintain health records, as defined in § 32.1-127., for a minimum of six years following the last patient encounter.

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Virginia Log of Records Retention Requirements