So
maybe your 2010 tax filing experience wasn't especially smooth. Perhaps you found yourself gathering
paperwork and data at the last minute, only to miss information and duplicate
your efforts a few times. Did you ever
need something, like a letter or receipt to prove a deduction, and then spend
precious time searching for it? Though the 2010 tax season is not quite over,
now is a good time to get 2011 off to an organized start with some easy steps!
-Create
a folder or binder for “Taxes 2011”.
Keep it accessible (but not out on the desk) so you can easily file
without extra work
-Make
sub categories within it, such as “Charity” for any non profit donations you
make, “Medical Expenses” for any health related purchases you can claim, “Tax
Documents” for all end of the year
statements you will receive, and/or whatever other headings your information
would fall under. For example, if you
are renovating your home and some of the expenses are tax deductible, make a
folder for that project
-You
can store the paperwork a couple ways: Use a hanging folder labeled “Taxes” as
the main file, then use manila folders to organize the interior
categories. If that isn't quite your
style use a binder labeled “Taxes” and use dividers with pockets to keep the
contents separate. You could also use a
colorful expanding file tote
However
you do it, by creating a home for all your tax related paperwork you will save
much energy and aggravation when 2011 arrives!
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