If you’re going to file a claim or take a deduction, you’d better have the paperwork to back it up. Unless you’re living in the 123-room Spelling Manor, you probably don’t have space to store massive amounts of tax and insurance paperwork, warranties, and repair receipts related to your home. But you’ll definitely want your paperwork at hand if you have to prove you deserved a tax deduction, file an insurance claim, or figure out if your busted oven is still under warranty.
Except for tax paperwork, there’s no official guideline governing exactly how long you have to keep most home-related documents. Lucky for you, we considered the situations in which you might need documents and came up with a handy “How Long to Keep It” home records checklist.
First, a little background on IRS rules, which informed some of our charts:
The IRS says you should keep tax returns and the paperwork supporting them for at least three years after you file the return — the amount of time the IRS has to audit you. So that’s how long we advise in our charts. Check with your state about state income tax, though. Some make you keep tax records a really long time: In Ohio, it’s 10 years. The IRS can also ask for records up to six years after a filing if they suspect someone failed to report 25% or more of his gross income. And the agency never closes the door on an audit if it suspects fraud. (Houselogic)
In 1966 confided to his staff: “You can’t talk about solving the economic problem of the Negro without talking about billions of dollars. You can’t talk about ending the slums without first saying profit must be taken out of slums. You’re really tampering and getting on dangerous ground because you are messing with folk then. You are messing with captains of industry. Now this means that we are treading in difficult water, because it really means that we are saying that something is wrong with capitalism. There must be a better distribution of wealth, and maybe America must move toward a democratic socialism.”
Today King is viewed as something of an American saint. A recent Gallup Poll discovered that 94 percent of Americans viewed him in a positive light. His birthday is a national holiday. His name adorns schools and street signs. In 1964, at age 35, he was the youngest person to receive the Nobel Peace Prize. Many Hollywood films — most recently Ava DuVernay’s brilliant “Selma” — explore different aspects of King’s personal and political life, but generally confirm his reputation as a courageous and compassionate crusader for justice. Politicians, preachers, and professors from across the political spectrum invoke King’s name to justify their beliefs and actions. Source: http://www.huffingtonpost.com/peter-dreier/martin-luther-king-was-a-democratic-socialist_b_9008990.html
King was a radical. He challenged America’s class system and its racial caste system. He was a strong ally of the nation’s labor union movement. He was assassinated in April 1968 in Memphis, where he had gone to support a sanitation workers’ strike. He opposed U.S. militarism and imperialism, especially the country’s misadventure in Vietnam.