Colors of the Rainbow and Their Meanings. The rainbow is a beautiful natural phenomenon; knowing the significance of each of the colors of the rainbow makes it even more beautiful. While Nature or God has created this glorious natural phenomenon; philosophers have given a meaning to its colors.
Minimum Length of Time. Keep the records and papers for any settled estate for at least seven years, if an estate tax return was filed. That is the Internal Revenue Service recommendation for any financial transactions. Under IRS rules, that is the end of the statute of limitations for any kind of auditing.
Items like your annual tax return, however, should be filed away and kept forever â the IRS has three years to conduct an audit, but if there's a chance your income was under-reported, an audit can happen at any time. Consult the chart below to find out how long to keep each of your most important financial documents: You don't need to keep all your financial documents forever. Samantha Lee/Business Insider. And while you can safely keep most bank, tax, and investment documents on your computer or a hard drive, you should always have physical copies for these items: Birth certificates. Citizenship papers. Custody agreement. Deeds and titles. Divorce certificate. Loan/mortgage paperwork. Major debt repayment records.