Comments on: How to Organize Your Tax Documents http://cashmoneylife.com/how-to-organize-your-tax-documents/ Money Management, Small Business, Career Wed, 23 May 2012 21:16:10 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Dr. Timothy Lawler http://cashmoneylife.com/how-to-organize-your-tax-documents/#comment-29482 Dr. Timothy Lawler Mon, 21 Feb 2011 13:27:29 +0000 http://cashmoneylife.com/?p=2097#comment-29482 I completely agree with organizing your documents year round. It becomes quite easy once you make it habit, whether it be every day or once a week. Also, having good accountants and/or lawyers on your side is imperative. As you pointed out, they can give you advice that will be worth more than you could ever imagine, making their fees seem like a bargain. Keep up the good posts! I completely agree with organizing your documents year round. It becomes quite easy once you make it habit, whether it be every day or once a week. Also, having good accountants and/or lawyers on your side is imperative. As you pointed out, they can give you advice that will be worth more than you could ever imagine, making their fees seem like a bargain. Keep up the good posts!

]]> By: MoneyNing http://cashmoneylife.com/how-to-organize-your-tax-documents/#comment-21431 MoneyNing Tue, 26 Jan 2010 19:40:16 +0000 http://cashmoneylife.com/?p=2097#comment-21431 Especially if you have a business, it's imperative to keep tabs all year long or you will miss something come tax time. If you think about it, missing just one tax deductible expense is VERY costly, and before you know it, you could actually hire part time help to organize them for you. Especially if you have a business, it’s imperative to keep tabs all year long or you will miss something come tax time.

If you think about it, missing just one tax deductible expense is VERY costly, and before you know it, you could actually hire part time help to organize them for you.

]]> By: Personal Finance Student http://cashmoneylife.com/how-to-organize-your-tax-documents/#comment-21422 Personal Finance Student Tue, 26 Jan 2010 12:16:09 +0000 http://cashmoneylife.com/?p=2097#comment-21422 Well, for me, organizing my tax document is a necessity. Having it organized is easy to recollect them at once. Also it's better to ask help from a CPA. And that could be a good idea. Excellent post! Thanks! Well, for me, organizing my tax document is a necessity. Having it organized is easy to recollect them at once. Also it’s better to ask help from a CPA. And that could be a good idea.

Excellent post! Thanks!

]]> By: Ryan http://cashmoneylife.com/how-to-organize-your-tax-documents/#comment-21416 Ryan Tue, 26 Jan 2010 03:24:27 +0000 http://cashmoneylife.com/?p=2097#comment-21416 Tyler, I use Quicken for personal finances and QuickBooks for my business. I can download a backup copy of each and give them to my accountant. I also provide an organized copy of my documents (and keep a Zerox copy for myself), and generally have a good idea of how much I will owe or will receive in return. I ask a lot of questions before, during, and sometimes after the process so that I understand everything that goes into my return, why certain forms are used, etc. My goal is twofold: to understand everything, and to make my account's job easier. The first, because it is good business sense to do so, and the second, because making my accountant's job easier means that it takes less time, and my accountant is more willing to spend time with me when I need it. I'm not her biggest paying customer, but we're on a first name basis. ;-) Tyler, I use Quicken for personal finances and QuickBooks for my business. I can download a backup copy of each and give them to my accountant. I also provide an organized copy of my documents (and keep a Zerox copy for myself), and generally have a good idea of how much I will owe or will receive in return. I ask a lot of questions before, during, and sometimes after the process so that I understand everything that goes into my return, why certain forms are used, etc.

My goal is twofold: to understand everything, and to make my account’s job easier. The first, because it is good business sense to do so, and the second, because making my accountant’s job easier means that it takes less time, and my accountant is more willing to spend time with me when I need it. I’m not her biggest paying customer, but we’re on a first name basis. ;-)

]]> By: Tyler WebCPA http://cashmoneylife.com/how-to-organize-your-tax-documents/#comment-21415 Tyler WebCPA Tue, 26 Jan 2010 02:53:23 +0000 http://cashmoneylife.com/?p=2097#comment-21415 You sound like a CPA's dream client! Do you track expenses on Quicken or some other money management program? I think that one of the big stresses with preparing tax returns, besides writing the check, is that most people really have looked at their finances all year and scramble to get everything ready, chain consuming cappuccinos and swearing prolifically the whole time. You sound like a CPA’s dream client! Do you track expenses on Quicken or some other money management program? I think that one of the big stresses with preparing tax returns, besides writing the check, is that most people really have looked at their finances all year and scramble to get everything ready, chain consuming cappuccinos and swearing prolifically the whole time.

]]> By: Susan Tiner http://cashmoneylife.com/how-to-organize-your-tax-documents/#comment-21409 Susan Tiner Mon, 25 Jan 2010 23:20:38 +0000 http://cashmoneylife.com/?p=2097#comment-21409 I agree that it's important to organize tax documents all year long -- just did a similar post on getting organized. I agree that it’s important to organize tax documents all year long — just did a similar post on getting organized.

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