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Ever wondered how long to keep your financial documents, especially if you've never filed taxes? It's a common question, and the answer might surprise you, given the unique implications when no return has been submitted. In this video, we uncover crucial insights for managing your financial history: ► Understand why the typical statute of limitations doesn't apply if you've never filed taxes. ► Learn how the IRS can potentially assess taxes for any past year if a return was never submitted. ► Discover the essential financial records you should gather and maintain, even if you thought you didn't need to file. ► Explore practical strategies for organizing and securely storing your documents, both physical and digital. ► Recognize the importance of consulting a tax professional to confirm your specific filing obligations and protect yourself financially. #UnfiledTaxesRecords, #TaxRecordsRetention, #IRSStatuteOfLimitations, #FinancialRecordKeeping, #TaxTips, #PersonalFinance, #AsianAmericanCPA