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Tip of the Day Pay Off High Interest Debts Before You Start Saving

Pay Off High Interest Debts Before You Start Saving - A lot of people feel they should start saving while still paying high interest payments on their debts. This...

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Keep Your Receipts

Keep Your Receipts - When it comes to filing, your taxes you need to make sure that all your receipts are keep in good order, just in case you happen to be the one who gets pulled for an audit. To do this, you should divide your receipts by month and category, and then once sorted, divide them by date in each month, stapling the group of them together and placing each one into a category envelope. This way when the auditor asks for something you can find it easily and not irritate him/her with your disorganization, not to mention, they will be gone quicker.

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This way when the auditor asks for something you can find it easily and not irritate him/her with your disorganization, not to mention, they will be gone quicker.

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Thank you very much for this useful tips. I will keep my tax receipts from the next time. I have to find out all of the receipts by tomorrow.

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Yeah, it is always a good habit to keep the receipts. Not only it helps you with filing the taxes, but also it will help you to manage your finances and know where exactly you spend more.

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It is necessary to keep your receipts in good order. That is the basic behind every business. Receipts are always important and it is our responsibility to keep it safe. Please update more details regarding this topic. Keep up the good work.

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Whenever you pay the bill or taxes it is always safe to keep the receipts with you. In order to pay the taxes, you should keep the receipts in a definite order, so that it is easy for them to calculate the tax.

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EHR system said:

You definitely need to keep the receipts. I have had a situation where my receipts actually saved me big time. I was called in for not paying taxes. But I had been paying the taxes and filing returns and since i had the receipts there was nothing they could do. Ofcourse it was way back. But even now it is good to be on the safer side.

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