Getting Ready for Tax Season – Year after Year

​Are you having trouble gathering all of your tax documents from last year?  This is a common problem with many people because throughout the year they don’t keep a good record of their expenses.  Having a hanging file or three-ring binder with pockets is a good place to store year-round tax documents (this includes 1099’s, donations, estimated payment information, property taxes paid, etc.).  If you put these processes in place all year long, when January – April comes, it’s not such a chore trying to find everything!  It doesn’t take that much effort to get organized and in the long run, it will save you time, stress and aggravation!  Make it easier on your tax preparer by having everything in one place and less stressful on yourself by being prepared.  Oh, and just so you know…..you should generally keep five years of tax documents (actually seven years if anything tax related reflected a loss).