Organizing Tax Documents Print
Sunday, 30th April 2006 (by J.D.)This article is about Hints and Tips, Taxes
When preparing taxes, one challenge is collecting all of the necessary documents. Tax-related papers flow into a home at all times of the year, not just in the spring. It’s easy to lose important papers.
I’ve found a method to eliminate the headache completely.
I have a bill-paying area at my desk: a small cubby-hole specifically designated for bills, financial statements, and receipts. Each January I take a small manilla envelope and label it — TAXES 2006, for example. During the year, I place each tax-related document inside: mutual fund statements, charitable contribution receipts, tax forms, mortgage information, etc.
At the end of they year, it’s a trivial matter to sort these documents and then to submit them to my tax preparer.

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November 1st, 2009 at 10:10 am
Wouldn’t it more frugal to prepare your own taxes then to pay someone to do it?