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)
The IRS says you must keep your records as long as they may be needed to prove the income or deductions on a tax return. For example, determining gain or loss on a sale or disposal of an asset, you will need to substantiate the cost, so records and receipts related to that asset must be kept as long as asset is still in service and then add 3 years. The IRS says the length of time to retain business documents varies depending on how honest and how accurate your tax returns have been. If you file a fraudulent return, you must keep records indefinitely..