Clients ask me this all the time, and are quite surprised when I tell them 3 years. Yes, the government only has three years to audit you. (I don’t know where the 7-year rule came from, or why it is so widely propagated.)
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Paper flows into our lives with surprising regularity, and it piles up quickly. Snail mail, newspapers, magazines, work memos, school flyers, invitations, brochures . . . the longer you put off dealing with it, the harder it is to get started and the more deadlines you will miss. The solution? Set up an efficient paper processing center and nip those papers in the bud.
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