to manage tax records it's not a difficult job. It's depends on your planning how you maintaining it. Take a moment to think about how you expect to file next season's return. Do you itemize? Do you own your own home? Got kids in college? Or do you expect to file a straight-forward return with no deductions?
Once we know how we expect to file, we can organize our paperwork to fit that. One easy way is to first use a document box - available at most large discount stores - as the overall repository for all those little, but very important, pieces of paper.
Now it's time to think inside the box. Just dumping receipts inside isn't the best strategy. It'll take way too much time looking for just that right piece of paper to make that practical. What you want is a general filing system. Think categories here: house, charity, child care, auto, and so forth.
Buy some large "barrel" type clips and label each one with the names of each of your categories. Then, it will take just seconds to put your receipts away every month and clip them where they belong. You are now instantly organized, and April isn't looking nearly as scary.
Of course, if you have a different system that works, that's fine too. Some people like file folders, but slips of paper can fall out of folders, so file pockets might be a better choice for that type of system.
The point here is to get those wayward bits of paper organized early, a little bit at a time, into manageable bundles. That way, when you're looking for that special record - say, the gas receipts for the Scout troop - you'll know right where to find it. |