Prepping for Next Year’s Taxes

April 15, 2009 | By | Comments (0)

There's been lots of talk about taxes on Simply Stated this week, not surprisingly since today is tax day. Hopefully, you've gotten your taxes filed or have requested an extension. Some of you might be lucky enough to already have your refunds in hand.

With 2008's returns wrapped up, now is a great time to start thinking about and prepping for 2009. You're already in the mindset of your taxes and the things you'll need for next year are fresh in your mind. So it's time to set up a system for keeping the info you'll need next spring organized and accessible.

Last November we talked about making the move to a paperless office. (You can see part 1, part 2, and part 3 here.) And as it turns out, going paperless can be helpful for taxes too. The IRS will accept digital documents, so you don't have to worry about keeping the originals.

If you're going to go paperless you'll most likely want to use a device that will scan your documents and make them searchable, or use a service that will store them on a sever and allow you to access them online (they will be searchable documents too). Then you can categorize them based on what they are and how they relate to your tax return. If you start it now, (and keep up your system) tax time next year will be a breeze.

If you're looking for a device to scan documents at home try the NeatReceipts Scanner $199.95 and see how you can use it for your taxes here.

If you prefer to use a service and have someone else scan your docments try, where plans start at $14.95 per month depending on how much you need scanned. (It works kind of like Netflix, where they send you an envelope and you send in your documents to be scanned.)

Any other suggestions for prepping for tax time starting now? 

(image by TheeErin on Flickr)