income taxes Archives - SOS: Simple Organized Solutions LLC

Get All Your Ducks in a Row

By SOS Simple Organized Solutions|2022-01-28T11:50:56-06:00February 2nd, 2022|Categories: Preparation|Tags: documents, folder, income taxes, organize, tasks|

Get all your ducks in a row. I’m sure we all know the meaning of this statement – to organize your tasks, time and tools to be prepared to take action on the next step. There are theories as to the origin of this statement that goes back a long way. This is especially pertinent at this time of year, tax time. In order to prepare your annual income tax returns, you need to get all your ducks in a row, or to gather all the documents required to complete this task. It’s a term that means to prepare for [...]

Important Papers – What to Keep & For How Long

By SOS Simple Organized Solutions|2020-11-17T13:41:16-06:00January 23rd, 2020|Categories: Home Organization, Paper Management, Storage|Tags: document retention, guidelines, identity theft, income taxes, personal information, storage|

As a professional organizer I’m frequently asked about how long to keep important papers. There is no catch-all answer to this question. The IRS states - The length of time you should keep a document depends on the action, expense, or event which the document records. There is a different answer for each document. Some need to be kept forever and others have a life cycle. Going back to the basics for a moment, important papers are documents that include your personal information. They are considered legal documents. Some documents contain your social security number, others contain account numbers and other [...]

It’s Tax Time – Do You Know Where Your Documents Are?

By SOS Simple Organized Solutions|2020-11-17T13:41:48-06:00January 25th, 2012|Categories: Organizing Tips, Paper Management, Productivity|Tags: filing system, income taxes, papers|

It’s the beginning of a new year, the cycle starts all over again. It’s also time to think about filling our income tax forms for the past year. That April deadline can sneak up on you, so it’s better to get ahead of the game and start working on it now. Whether you fill out your own forms, or engage a tax preparation service, you need to gather all the required documents in order to complete the task of filling out the forms. In order to gather these documents, you need to know where they are. If you have a [...]