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.
Q. How long do I have to keep my report and working file after I report? You should keep a copy of your unclaimed property report and the working file for six years after you file. Other than that, follow your normal record retention requirements. Report the last known address, even if it is undeliverable. We use the address to establish the owner's claim to the property.