Feb 2nd, 2010
Keeping track of tax paperwork
Its that wonderful time of year again; tax time. I know all of you out there are jumping for joy but try and calm down, sit back down in your chair and lets talk a bit about organization tax paperwork. As many of you know by now, organization is not exactly my strong suit. With that in mind, my wife and I are both making a concentrated effort to keep all tax documents in one place. Even with that, I have an idea for what I am going to do for next year because there are some things that get missed keeping everything in one place.
I will setup a folder with some categories and accumulate things there over the course of the year:
- House related
- Rental house related
– Business expenses/home office expenses
– Medical expenses
– Charitable contributions
- Income Related
This should help a lot because despite the fact that I have all the ‘important’ paperwork for the year such as W2s, I don’t have any good way of tracking the small, extra expenses. For example, there were expenses related to our rental house that I did not track that I now have to go back and try and dig up. There were expenses related to home office and keeping TPS going that I now need to go back and dig up. We also gave away bags (and I mean bags) of clothing to charity, that I now have to try and estimate.
Good luck to rest of you with your taxes; remember, if you dont claim it, the goverment will!
Tax time always thumps my head with strong hands.After reading your post I am feeling relaxed to some extent on this issue.
Thanks for sharing and I really appreciate such blogs for making us aware on every aspect of public health benefits.
Please leave a comment, if not, we will try to see what we can do.
DJPAYKLAXWWSBYDC it very much!
Actually tax avoidance, on the other hand, is the legal utilization of the tax regime to one’s own advantage, to reduce the amount of tax that is payable by means that are within the law