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.
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.
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.
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.
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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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.