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.
Property records, including intellectual property, for as long as you own the asset plus three years after year of the tax return that includes its sale Deeds and titles He adds that you should check with your financial or tax advisor for details specific to your situation as rules change and can be industry- or location specific. In preparation of year-end tax filing, Leeds suggests that small business owners set up a system using file folders organized by category.