Organizing Your Documents for a Successful Tax Return
If you are like most individuals, you wait until tax time to start putting together all of the documents needed to file your tax return. A little planning throughout the year will make for less stress when reviewing the list of required documents to complete your tax return. In this short video, we’ve broken down what to keep, helpful sorting tips, and how to stay organized moving forward.
What to Keep:
- Sources of income and cash
- Financial information
- Receipts for deductions
Helpful Organization Tips:
- When in doubt, save the document
- Keep all of your documents in one place
- Sort your items into income, business, adjustments, deductions, credits, and other
- Create a list of expected items to watch for
Let us help guide you through this tax season. Our dedicated team is here to help!
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About the Author: Shelly Spata, CPA
Shelly Spata joined the firm in 1998, and her name went on the door in 1999. She now serves as the Managing Partner of the firm. "As a business owner myself, I understand the complexities and challenges business owners face, and I strive to add value by helping clients understand their financial statements, manage tax consequences, and clearly see the financial and tax ramifications — both positive and negative — of decisions they make," she explains. "Without good financial information, it’s like driving a car blind, but with good information, clients are able to maximize profits."
