Protect Your Identity and Shred It (for Cancer) By Jewel Johl, MD
Protect Your Identity and Shred-it (for Cancer)
Annual Document Shredding Fundraiser July 15
By Jewel Johl, MD
We all understand the importance of saving important records like tax returns, bank statements credit card statements, medical records, warranty cards, receipts, service records, etc. But how long do we need to save these records and which need to be shredded?
The Department of Consumer Protection suggests saving every tax-related document (including relevant receipts and cancelled checks) for seven (7) years after you file the return. Aside from that, opinions differ; here are some reasonable guidelines:
· Keep pay stubs and cancelled personal checks for one (1) year, then shred those that you won’t need for tax, warranty, or insurance purposes.
· Shred all credit card, debit card and ATM receipts after you have checked the transactions against your monthly statements; store those you are saving for tax purposes.
· Shred all statements from your health plan, and anything that bears your signature, credit account number, phone or cell phone number, social security number, or medical or legal information.
· Keep store receipts until you are sure you won’t need to return or exchange the item.
· Keep warranty cards, instructions, and receipts for high-ticket items for as long as you
own the item.
· Keep invoices for any permanent home improvements until you sell your house.
· Store car maintenance records until you sell the car, at which time you should give them to the new owner. Keep the purchase order and title for as long as you own the vehicle.
· Keep records of the purchase and sale of mutual funds and stocks until you’ve reported the transactions to the IRS, and then keep the records with your other tax-related documents.
· If you have additional questions, consult a qualified tax adviser for more info.
On July 15, 2017 Diablo Valley Oncology will be hosting our annual Document Shredding Fundraiser in the parking lot of our cancer center. Bring old tax returns, bills, business records, bank statements and other documents containing personal information to our event. (Please no x-rays or film.) Make a charitable donation to Cancer Support Community and all of your documents will be shredded on site by a certified shredding company. 1-3pm, 400 Taylor Blvd, Pleasant Hill. For questions call 925-677-5041
Dr. Johl is a Board Certified Medical Oncologist and Hematologist with Diablo Valley Oncology & Hematology Medical Group and serves on the Board of Directors for the Cancer Support Community. To learn more about Dr. Johl and Diablo Valley Oncology, visit www.dvohmg.com.