Thursday, April 6, 2017

Tax Organizing Solutions Made Simple

Problem:
Each year using manila folders to organize tax documents and receipts for itemizing deductions.   Over time they get rather worn and discolored resulting in too much paperwork and cumbersome bulky folders. 
📂Solution:  
Purchase a 1" Plastic Zip Letter Size Envelope at Staples® on sale for a few dollars.  You can also get Jot Plastic Zip Envelopes at the Dollar Tree® if you can find them in stock.

Inside the folder place a plastic sleeve also found at Staples or the Dollar Tree labeled with the tax category.  Use left over sleeves with 3 rings and a label maker with tax categories placed across the tops.  Your accountant or tax professional will be very happy and avoid the shoe box blues.


The plastic folders will keep your documents safe and clean for years to come.  At the end of the current tax year, remove the documents from the sleeves, staple them together and store them in  zipped plastic sleeves to store in archive.   3 years later either scan the documents or store them in archive for 10 years, saving the sleeves and envelopes for the new tax year. 

💵

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