-Create a folder for your taxes. You can use a thick hanging file, manila folder or an expandable file. Any forms, tax documents etc. should go in here. Your finished tax return will eventually be filed in this folder.
-Create sub folders within the main folder for charitable donation letters, tax deductible receipts and any other tax information you find pertinent.
-To eliminate last minute reconciling, try to maintain a log or Excel spreadsheet tracking tax deductible expenses. At the end of the year you can simply tally all the numbers instead of going through all your receipts one at a time.
-Consider paying an accountant to do your taxes for you. It is much easier to hire a professional than to navigate the tax document yourself. As an alternative, consider using a software like Turbo Tax to do your state and federal taxes. It is reliable, much faster and allows you to not only print and save electronic copies of your return, but you can mail the return directly or file it electronically. Many of these programs can be purchased for businesses, too.