On Fri, 7 Jan 2005 07:27:06 -0500, Link, Gary M. <[log in to unmask]> wrote:
> We keep ours seven years. Securities and exchange does not apply to us, so we don't need the 50 years.
Gary's response brings up a very good point concerning the
establishment of retention periods ie make sure the regulation you are
citing/using applies to your business. Be sure to read the entire
regulation not just the subsection that provides records retention or
recordkeeping requirements. BUT I would include such information in my
analysis.
> I found a table of Periods of Limitations on the IRS's web site at www.irs.ustreas.gov/prod/forms_pubs/graphics/15150b21.gif. The last two items on the table have the longet period of limitations, seven years. So I use that as my source.
I'm getting an error message for that particular link, is there a
different url that can be used.
Peterk
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