![]() Yesterday I almost had a nervous breakdown. I had received a notice from the IRS that I owed $7,000 due to unreported income. WHAT? My mind was spinning. How could this be possible? There was simply no way this could be true. What saved me from going completely over the edge? Organized, accessible records. After a few clicks, I was able to retrieve the tax information and there it was; the income that we DID report. And the taxes. And everything we were supposed to have remitted.. Our ducks were absolutely in a row with this one. Unfortunately we now have to send in a special form with the documentation. The lesson here? The burden of proof is always, ALWAYS on you. YOU are the guardian of your information and documentation and you need to keep it updated and accessible. It has to be there when you need it. Decide if you are going to save hard copies or electronic copies of your documents. It doesn't matter which one you choose, just be consistent. As a Professional Organizer, I recommend electronic record keeping with the following caveats
Off to request that special IRS form. While I use SafelyFiled for my personal use, please be advised of the following business disclosure: "Some of the link(s) in the listing above are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my clients. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising
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Kimberly DahlineWelcome to my blog. I am glad you are here to read the musings on organizing and finding balance in your life. I hope you find them inspiring and motivating. Archives
November 2018
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Kimberly Dahline, Your Organizational Advocate
Member of NAPO, NAPO, MN 612-382-6849 |
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