Make Tax Time Less Taxing: Easy Tips for Organizing Tax Documents
Amherst, MA (PRWEB) January 31, 2011
According to the Internal Revenue Service, 7 out of 10 individual taxpayers file their tax returns electronically. E-filing significantly reduces errors and saves time; however the sizable stack of required tax documents remains the same, whether a tax payer files an electronic or paper return. Gathering and sorting through W2 forms, receipts, bank statements, medical expenses and other necessary documentation is often the most challenging step of tax preparation. A good tax organization system will save time and money, especially for those who misplace receipts needed for deductions or pay a tax professional by the hour.
The key to easy tax preparation is keeping tax documents organized in one spot throughout the year. While it’s tempting to dump all the receipts into a drawer or box, a file folder system or indexed binder ensures quick retrieval. The office supply company Bindertek now offers a pre-packaged Income Tax Binder, which includes pre-printed index tabs that follow the IRS 1040 form. This binder kit makes it easy to organize pay stubs, IRS contributions, business expenses, charitable donations and other documents in the appropriate categories. Bindertek’s Income Tax Binder also includes acid-free binder envelopes to protect loose receipts. The Bindertek Income Tax Binder is available at Bindertek.com.
Once tax documents are in order, the tax payer or tax preparer can quickly fill in the necessary information on the required tax forms. An organized tax file system reduces clerical errors and leads to a faster return. The Internal Revenue Service requires tax payers to retain tax records for at least three years – and some documents, like real estate and investment records, must be kept for much longer. A good tax file management system ensures reliable file retention and eases the worry of an unexpected audit. With a little bit of preparation, tax time doesn’t have to take much time at all.
About Bindertek, Inc.
An industry leader since 1985, Bindertek offers a wide range of premium office supplies for consumers and businesses including binders, index tabs, office accessories, storage solutions, briefcases and binder caddies. Bindertek provides specialized organization for law and financial professionals, as well as custom binders, custom index tabs and binder kits. Bindertek’s signature binders carry a lifetime ring guarantee. Bindertek is a cataloger and internet retailer based in Amherst, MA. Visit Bindertek.com or call 800-456-3453 for more product information.
# # #
Attachments
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
