Tax tips & tricks - Hawaii News Now - KGMB and KHNL

Tax tips & tricks

HONOLULU (HawaiiNewsNow) - It's that time of year, when you've to start thinking about your financial documents. Tax time is just around the corner! Doreen Griffith joined Sunrise to give us tax tips.

Basic Records to Keep

* Income statements (W-2, bank)

* Expenses (invoices, receipts)

* Property (closing statements, insurance)

* Other (401k, charitable contributions)

Keeping Records

* Typical: 3 yrs

* Understated income: 6 yrs

* Tax returns: Indefinitely

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