LWCIR - Lost Workday Case Incidence Rate, All Acronyms, viewed August 11, 2016, <https://www.allacronyms.com/LWCIR/Lost_Workday_Case_Incidence_Rate>. All Acronyms. LWCIR - Lost Workday Case Incidence Rate. 11 August 2016. Web. 11 August 2016.
1 Tax records and receipts (keep for seven years) 2  Pay stubs and bank statements (keep for a year) 3  Home purchase, sale, or improvement documents (keep for at least six years after you sell)  Medical records and bills (keep at least a year after payment in case of disputes)
As long as you can retrieve documents easily and as long as they are readable, IRS inspectors are fine with electronic records. 4. Seven Year Rule for Record Retention(general rule) The rules on how long to keep financial records varies depending on what you are saving. For up to date tax filings, 7 years is a safe rule of thumb. Some people might say that is too long, but it is easier to follow this rule than to have to keep track how long you should keep different info. We suggest you keep tax returns for the life of your company. Scan them and save them both on and off site.. 5.