A contributing factor to the average taxpayer’s stress at tax-time can be caused by disorganized records of the year’s expenses. Money Magazine asked several professional organizers for advice. Above all, they do not recommend walking into a tax preparer’s office with all loose receipts and other records in a bag, expecting him or her to do the organizing. They recommend at the very least that the taxpayer buy an accordion folder to keep loose records simply organized into broad categories as they are gathered throughout the year. Other organizing options for loose records can also include using a portable file box or hanging folders.
- Regardless of the possibility that you’re miserably confused, you can make things less demanding on yourself whether it’s you documenting your duties or another person.
- Aces vouch for Smead office supplies for this employment the brand makes various assortments of record organizers.
- It will hold your documents, and is anything but difficult to toss it in a bag or in your auto if, say, you have to monitor travel-related receipts.
“If you spent more time digging through drawers looking for receipts than actually filing your taxes this year, perhaps your “system” for tracking expenses could use some improvement. And the time to get organized is now, so you can start filing paperwork for next year’s taxes right away.”