It depends on what value the tax records would have during a dissolution
process.  What role would the tax records play or support?  Would 100 or
500 year old tax records have any value when closing or selling a
subsidiary?  Remember, in the RIM world "forever" equals "permanent"
which means "forever."  8-)  Would these records truly have any value
1000 years from now?  Is the company willing to expend financial and
human resources to maintain, protect and preserve these records for 1000
or so years?  Even establishing safeguards for these records for 100 or
500 years could be costly and should be justified by a recognizable
value.

Ginny Jones
(Virginia A. Jones, CRM, FAI)
Records Manager
Information Technology Division
Newport News Dept. of Public Utilities
Newport News, VA
[log in to unmask]

-----Original Message-----
From: Records Management Program [mailto:[log in to unmask]] On
Behalf Of Graham Kitchen
Sent: Monday, May 22, 2006 4:36 PM
To: [log in to unmask]
Subject: [RM] Records Retention

Hey Y'all
 
Around the lunch table today, someone mentioned that Corporate Income
Tax Records for subsidiary companies should be kept forever incase of a
dissolution process.  This sounds strange (incorrect) to me, but what
are the thoughts on the Listserve?
 

Graham Kitchen
Corporate Records Manager
Unified Western Grocers
5200 Sheila Street
Commerce, California 90040
Telephone:  (323)264-5200 Extension 4560
Cell:  (323)243-1865
email:  [log in to unmask] 

 


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