The Tax Man Cometh

Published Wednesday, February 09, 2011 5:50 PM

We know, we know, death and taxes. Sure as day follows night, April 15th rolls around every year so what are you waiting for? Time to get your tax paperwork in order.

Corralling Paperwork

The tax code may be complicated but getting ready to file your taxes needn't be. We like the simple, three folder solution outlined by leading investment site the Motley Fool. Grab three folders, label them "income", "expenses and deductions" and "investments" and dive into the user-friendly advice in Get Organized for the IRS. 

Deduct and Save

Once you have your paperwork in order, be sure to pay attention to your deductions. Read 10 Often Overlooked Tax Deductions to identify savings that too many people neglect such as "green" renovations to your home and the cost of professional tax preparation.

Want a Refund?

Are you in line for a tax refund? Read 10 Tips for Getting the Biggest Tax Refund  for helpful hints including deducting child-care costs and professional development. Also, the IRS is now app-friendly: check the status of your return on your phone or iPad. 

What Not to Do

Everyone makes mistakes from time to time, but an IRS return is not the place to do so. Common mistakes include math errors and missing or incorrect information. Read MSN.com's 10 Tax Goofs Many of Us Keep Making  for tips on error-free filing.

How do you get organized for tax season? Share your thoughts here and at the Pendaflex Facebook page.

 

 

 

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About Beyond Folders™

Beyond FoldersTM is written by a team of Pendaflex associates passionate about time management, communications, productivity and workplace organization.  Believing in  "continuous improvement" on both a personal and professional level, they share their unique perspectives on subjects of common interest to our readers.

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