Instead of running around at the last minute for all your income tax papers, gather and file all necessary documents as you receive them in a single folder for the current year, for example, identified "2010 Taxes”.
Make Copies and File As You Go
Group receipts in order by category and date. If it’s possible for you and you know copies will be necessary, make them before you file.
For example, place all receipts for medical expenses together and organize originals on the top of the stack and copies on the bottom.
Don’t Lose Anything and Save Time
By arranging your tax documents this way, you’ll save a lot of time, especially when it comes to applying for your income tax return. You’ll also make sure nothing lost. You will then take advantage of all deductions you’re entitled to.