AICPA Featured in Washington Post Article about What Tax Documents to Retain

January 24, 2017

Michael Eisenberg, CPA/PFS, of the AICPA's National Financial Literacy Commission and Kelley Long, CPA/PFS, of the AICPA Consumer Financial Education Advocates Group, were both quoted in a national syndicated article by Michelle Singletary about what documents to save and what to throw away from a tax perspective.

Eisenberg advised consumers to that "Maintaining years of tax returns can help if you ever need to research payments made into Social Security."

Long stated that "any investment statements that are available online do not need to also be kept as paper. The most important reason to maintain these records would be to establish your cost basis when selling to make sure you claim the proper capital gain or loss on your tax return."