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You Are Here: Home - Calendar - Annual Calendar of Events - The Dreaded Tax Day (Gasp!)

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The Dreaded Tax Day (Gasp!)


It's here (...drum roll...) tax day! Are you calm and cool -- confident that your books are in order? Or are you scrambling to have your accountant file an EXTENSION? People act as though tax day is the end of the world. And while we all have our opinions about the government's right to our money, the LOGISTICS of filing a tax return don't have to send you into a tailspin. It actually takes less time to prepare your taxes if you stay on top of it throughout the year -- rather than sorting through boxes of receipts each April. This month, we offer you some practical tips for getting your paperwork organized in time for filing NEXT year's return! 

Some Practical Organizing Tips...

Set up a file drawer for your financial papers -- with one FOLDER for each account, type of income, category of expense, or deduction. Computerized accounting programs are also great for their reporting and analysis capabilities. 
Set aside regular time to UPDATE your accounts -- pay bills, file paperwork, reconcile accounts, and track your financial activity in an account ledger or bookkeeping program. Make it weekly or monthly -- once every six months isn't good enough!
Keep your tax returns FOREVER -- you can be required to produce these at any point. But you can shred your supporting documents 6 years after the return is filed -- store those separately in a box labeled with the year filed and the destruction date.

Do-It-Yourself Solutions...

Get Organized Newsletter
Check out past issues for tips on getting your tax paperwork in order

Organized For A Living Newsletter
Check out past issues for tips on business tax issues

Clickable Office
Follow the links for tips on creating a tax filing system

Organizers Toolbox
Checklists and tip sheets to help you stay on top of your taxes

Do You Need To Get Organized At Home?
Take this quick quiz to see if your finances and paperwork need a little help

Do You Need To Get Organized At Work?
Use this quick quiz to determine if you need a hand with business taxes and paperwork

What Are You Doing To Get Organized?
Share your tax strategies and techniques with others like you

The Latest Organizing Products
"Do-it-yourself" tools to help you take control of your tax paperwork (and more)

Useful Website Links...

1040.Com
Find the information, news, and forms you need to complete your taxes

Banker's Box
Offers free guidebooks to personal and business records retention

Bankrate.com Tax Center
Find tax rates, articles, forms and free advice to help keep your taxes in line

Earthlink Tax Center
Books, software downloads, forms, and expert tax advice

Get A Jump On Tax Time
Seven tips for developing a system to handle your tax preparation paperwork

MSN Money Tax Workshop
Tax information, articles, tools and resources to help keep your fair share

Proper And Prudent Document Destruction
When it is time to dispose of old financial records, be smart and safe

Take Time for Taxes Now to Avoid Trouble Later
20 tips to get an early start on tax season and catch some great tax savings

Tax Day E Cards
Have a little fun while getting nailed to the wall by the government!

Tax Foundation
Dedicated to educating the public and answering questions about tax policy

Tax Mama
Tax information with a mother's touch forvyour stickiest tax preparation questions

Tax Preparation Checklist
Having the right information at hand is half the battle when doing your taxes

The IRS
User-friendly, with lots of information about your tax rights and responsibilities

US Business Advisor
Brings together 60+ federal groups to help you wade through the taxation maze

When To Toss Financial Records
Helpful hints for separating essential tax receipts from those ready for the trash


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