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Anyone who is closely related to an accountant knows that there are not four, but five seasons in a year: Spring, Summer, Fall Zach Werenski Jersey , Winter, and 'Tax Season.' During the other seasons, we accumulate leaves, snow Sergei Bobrovsky Jersey , and mosquito bites. During 'Tax Season' we accumulate paper. And more paper. And if you have a small business or investments--even more paper.

Whether you hire someone to prepare your taxes or attempt to decipher the forms yourself, it is imperative that your papers be in order for this 'fifth season.' Organizing your tax-related documents is not just a project for the evening of April 13th. Good tax organization is a year-round process.

Some pitfalls of being disorganized at tax time:



You run the risk of misplacing important receiptsdocuments

You feel stressed from the mad dash to the tax preparerpost office on April 14th

Your tax preparer may charge you more money if they have to spend time wading through your piles of loose receipts.



How to remedy these tax-time situations? Prepare now for next year by getting organized!

Set up an all-year round file system

Designate a box, accordion file, or a file cabinet for year-round paper storage and retrieval. Create folders for receipts Artemi Panarin Jersey , credit card and bank statements, anything you have spent money on or need to keep track of for tax purposes. As you acquire such documents, place them in the appropriately labeled folder. This is beneficial not only for tax time but for when you have to retrieve certain papers throughout the year.

Give your tax-related papers a home

Every January, our mailboxes become flooded with documents necessary for filing your taxes. At the beginning of the year Seth Jones Jersey , designate a large envelope or box in one area of your home or a file in your file cabinet for these papers. Examples of these are:



W2's

1099's

Mortgage interest statements

Bank interest statements

Real estate tax statements

Investment statements

Receipts for charitable donations



Sort and create categories for your papersreceipts

By early February you should have received all paperwork necessary to complete your taxes. Take that envelopeboxfile of collected papers and sort them by category. This process will enable you or your tax preparer to quickly locate your papers and receipts. Some basic categories are:



Salary

Real Estate

Medical

Childcare

Investments