Documents retention

[romualdfavre]

We are a non-profit organization (church). We do have a bookstore, but the sales are non taxable. How long should we keep the paper documents (sales receipts, invoices, and so on)? Is that correct that by law we are supposed to keep documents related to taxes for 3 years)? We plan to keep the printed documents for 1 year, and longer for the litigious cases.
Thanks for giving your advice
R. Favre

[suzannemead]

If you email me directly I have a very good chart listing the retention of documents requirements. I will be glad to send it to you.

[JZeiger]

Check with your accountant - all accountants can provide a list of recommended retention intervals, by document type.