How to Organize Tax Documents, Paperwork, & Receipts (Part 7 of 10 Paper Clutter Series)

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Thanks for watching and happy organizing :)
Alejandra

[alexgrontis]

In 13 I don’t even know why I’m here probably cause I always fall asleep watching these and it’s not cause it’s boring(I mean some of them are cause I’m 13) but her voice is so soothing

[mimprincesa]

Every time i watch one of her videos, it’s like a fog clears from my mind.

[Rebeccas_Dialysis_Life]

Awesome! This is the video I've been waiting for! I'm totally lost on how to file these documents so that I don't lose them or forget how I organized it all! Thanks Alejandra! You're a superstar!

[itsalysssaa]

absolutely incredible. you always amaze me alejandra !!! this will be so helpful. i can’t wait to use your tips and get totally organized this tax season :) i keep watching this video over and over, your voice is so soothing and the way you explain things is always so clear. thank you !

[anitah.]

I can't tell you how thrilled I am that you are posting new videos again! I watched every single video that you put out a few years back, many of them multiple times! You really spurred me on my organizational journey and now you are back! The paper series is perfect as I need to tackle my papers. I tend to be too meticulous and put off dealing with it until I have the "ideal" time to set up the "perfect" system which explains why I still haven't dealt with it, lol. Tx for your great content!!

[pj]

Love this whole helpful!! I appreciate what you and your team do for us!!

[karenalexandre]

Huge fan of the “red folder”!! I love your accordion folder idea, will do that for next year 👍

[melissacronecarvell]

Such a great video about a subject many of us are nervous about 👑 Really useful advice for all 💙💚

[ColRusSer]

From other comments I’m reading (don’t often), I see other people love your voice and call it soothing, Alejandra! You do have the most wonderful voice. But, it’s not just that; it’s your entire demeanor. Very calming.

For some reason, the sound of the highlighter on paper is like fingernails on chalkboard for me, though!😆 It’s just a few seconds; no biggie!😌

are an amazing organizer!👏🏻💖

[melissar]

You are my new favorite channel. Need people like you in our lives, thanks so much for all the detail you put into your videos. Subscribed! :)

[AysenurDogan]

This is the most adult video I've ever seen

[et]

Watching all your videos while I organize all my receipts for my first year of self employment, this helped so much appreciate it and thank you!

[spendynana]

So thrilled to see new videos!! Love your videos!

[rockerbaby]

Omg I needed this so bad! I’m doing taxes this coming weekend and I’ve been dreading it as I had 4 side hustles in addition to my full time job. Thankfully in June of 19 I had updated a small calendar log where I tracked time spent on which hustle and any related costs, so I finished updating it for the last 6 months of 2019 and now I’m ready. I know what my earnings, expenses and deductions are and have the documentation to back it up if I’m ever audited.

[ahmedelsaiedy]

alejandra, i am from Egypt, and i love your videos soooo mutch, keep going and don't late any more love u😘

[donnaschindlbeck]

Great suggestions! I go one step further and enter documents in Quicken or a spreadsheet, place a checkmark in the upper right hand corner, then file them. At tax time I only need to print off the Quicken file or spreadsheet and entry is so easy. I know if it has a checkmark I’ve entered it. I can match them to spreadsheets if necessary. Love your videos ❤️

[sophiaboat]

Such a helpful video. Thank you for sharing

[alsokristin]

Hello Alejandra, I watched almost all your videos and I've learned a lot from you re organizing, declutering etc. But my paperwork, I don't know how and where to start. There are documents everywhere, in different closets. Don't know how they got there 😉 Today I made a first step: buying a document folder for my important documents that I have to keep for ever. Thank you for your great videos.

[stacey]

I use two accordion organisers: one for the current year and one for last year. (I need last year's because the new year starts before the paperwork for the previous year has been filed). Each division has a type of expense, and all the receipts go in their place. Once the tax season for that year is filed and finished, I transfer each division into a sleeve and file it. I've been using this system for years now and it works really well.
I also reference every receipt with a two digit code and a number, so office supplies will be OS, and the receipts will be OS1, OS2, OS3... etc. I write the reference on them, scan them, and then put them in the OS division of the organiser. I use CamScanner to scan with my phone, and then download all the OS scans in pdf format from their website where it is in the cloud.
I do the referencing because I do all the books for my business, and my husband's, and both of our personal taxes. There are a lot of receipts and stuff that needs to be kept track of.

I don't know what the USA tax laws are, but in my country you only need to keep the tax paperwork for 5 years, so I cycle my tax files on a 5 year rotational basis. I have 5 files, and when I finish off the taxes for the most recent year (say, 2020), I take out and shred the oldest file's contents (so 2015) and re-use that file. So in your case you don't need a never-ending supply of final polyenvelopes, only 5 :)

[tanushreemishra]

Waiting for your next schedule of videos...just to ensure that we would be previleged to have ur videos....love ur videos...