How long should one keep old credit reports? I have all of my credit reports from back to 1993. And can anyone answer a question on how long should you keep old tax returns, W-2's and such?
I would play packrat with old credit reports here is a good link on that: http://consumers.creditnet.com/stra...ad.php?s=&goto=newpost&threadid=58865&pgnum=3 And Jenz is right about #2. The normal SOL for the IRS is 3 years from the date you filed(but some states run one year longer than the federal) UNLESS you have undereported or left out 25 % or more of the total gross income on a tax return then it is 6 years. Any claims of loss on a security can extend it to 7 years. If you have not filed or filed a fraudulent report or forget to sign they can get you whenever they want. I do 7 just to be safe As far as W-2's I keep mine for 5 years.
