"D. Stussy" <spam[at]bde-arc.ampr.org> wrote in message
news:g9g2p8$3j8$1[at]snarked.org...
- quote -

Thanks folks.

I'll keep the court papers and filings, and the tax returns for a while
longer. I shredded everything else.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"Gil Faver" <rowdy'sboss[at]xxyz.com> wrote in message
news:1KFuk.192430$102.175921[at]bgtnsc05-news.ops.worldnet.att.net...
- quote -

Of course they're listed. However, disposing of the tax return itself was a
consideration of the OP's question. I suggested keeping the closing letter
because that's proof of having filed the 706 (and thus the statute of
limitations).

- quote -

To each as necessary, and where a document applies to more than one, pick
one. It really doesn't matter - as the question was whether the executor
should continue to retain, etc....

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"D. Stussy" <spam[at]bde-arc.ampr.org> wrote in message
news:g9f8am$de5$1[at]snarked.org...
- quote -

good point, but aren't the assets and their values listed in the estate tax
return? shouldn't that suffice?

If not, how will you distribute to a plurality of beneficiaries (shouldn't
that be legatees?) all this paperwork? Actually, it should be whittled down
to only that which is important to keep, but who is to do that task? Either
the ex-executor, or his delegate (perhaps a trusted one of the legatees?)

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"Dick Peavey" <me[at]privacy.net> wrote in message
news:xnbuk.20204$Rs1.14903[at]newsfe08.iad...
- quote -

As the records may form the "cost basis" of the inherited assets by the
beneficiaries, you should not dispose of them but instead divest them to the
beneficiaries (if they don't already have them). The only thing you might
want to keep is the IRS Closing Letter.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

I was the executor of a Calif. estate for the years 1990 and 1991. The
estate was probated in Calif and closed in 1991. I've retained all
paperwork, bills, cancelled checks, Calif and Federal Estate income taxes,
and so on.

How long should I retain these records?

I would like to shred the pile because by now these papers will have little
meaning to anybody, but I want to know if there are legal or tax
requirements, or if there are records I should retain indefinitely.

Dick Peavey

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >