Question: Past Treasurer Files

I just received box after box of past financial files. How long do we have to legally hold onto these files. I have them dated back to the 2001-2002 school year.

Asked by Anonymous

Answers:

Advice from PTO Today

Rose H writes:
We have an item in our File Exchange that gives a run through of IRS requirements for keeping documents. Some documents, such as the group's incorporation papers, should be kept permanently, while bank statements are kept for seven years. There's a specific list in the file here.