Legal Question in Business Law in West Virginia
Receipts
How long should I keep receipts for services received such as medical services?
Asked on 11/08/06, 7:43 pm
1 Answer from Attorneys
Thomas Zimmerman
Zimmerman Law Office
Re: Receipts
The Statute of Limitations for written contracts in West Virginia is 10 years. For oral contracts it is 5 years. No suit can be brought to collect after the limitatins have expired. Check with your accountant, but I believe that the time limit for keeping receipts for tax purposes is 7 years, however there is no time limit for tax fraud.
Answered on 11/09/06, 8:48 am
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