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How to dispose of confidential information Check all paper waste that you throw away ? if it contains personal or sensitive data, it needs to be securely shredded. Use the confidential waste bin or cross-cut shredder in your workspace for document disposal. Don't leave confidential waste in bags in public areas.

It can drain your bank account, tarnish your credit report, and even damage your reputation. Your mail contains a lot of information that criminals can use to take advantage of you including your name, address, banking information, and so on. If you start shredding, you'll greatly reduce your chances of being targeted.

Methods of Document Destruction Burning Paper in a Fire Pit. ... Soaking Documents in Water and Bleach. ... Composting Sensitive Documents. ... Cutting or Shredding By Hand. ... Attending a Community Shredding Event. ... Hiring a Professional Paper Shredder Service to Destroy Paper and Sensitive Documents.

The best way to discard confidential paper documents Shredding is the most secure and effective method to destroy hard copies of confidential documents. Whether the business needs a one-off service or regularly needs to keep on top of data, companies like Shredall SDS Group can provide an ad-hoc or scheduled service.

Utility Bills: Hold on to them for a maximum of one year. Tax Returns and Tax Receipts: Just like tax-related credit card statements, keep these on file for at least three years. House and Car Insurance Policies: Shred the old ones when you receive new policies.

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.

KEEP 3 TO 7 YEARS Knowing that, a good rule of thumb is to save any document that verifies information on your tax return?including Forms W-2 and 1099, bank and brokerage statements, tuition payments and charitable donation receipts?for three to seven years.

What Documents Can I Throw Away?and When? Tax Returns. Old tax documents are probably the number one category of documents we're asked about.Bank Statements.Explanation of Benefits (EOB) Forms.Medical Bills.Utility Bills.Paycheck Stubs.Credit Card Statements.Wills and Estate Planning Documents.

Important papers to save forever include: Birth certificates. Social Security cards. Marriage certificates. Adoption papers. Death certificates. Passports. Wills and living wills. Powers of attorney.

How far back can the IRS go to audit my return? Generally, the IRS can include returns filed within the last three years in an audit. If we identify a substantial error, we may add additional years. We usually don't go back more than the last six years.