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Thank you Eric for these amazing tips. 

Always forgetting something at tax time?  These simple things can be done to store both personal and business tax information!

1.      Create an album on your cell phone – name it “2014 Tax Info”.  Place the following “photo docs” into this album.

2.      Take a photo of your Salvation Army and Goodwill receipts.  Be sure to snap a photo of the clothing and/or household items donated as well! 

3.      Take a photo of tax documents and unreimbursed work expenses occurring mid-year, like stock sales, work tools, or K-12 school expenses. 

4.      Take a photo of your business receipts.  Name it “Meals 012214” (expense category and date in 6 digit format).  Depending on volume of tax documents, it may be a good idea to create a new album called “2014 Biz Receipts”.  Be consistent with your photo names, it will make sorting and finding a specific receipt easier down the road.

5.      Take a photo of your auto’s odometer on Jan. 1 each year (or sometime near this date).  This gives your accountant a starting and end point to recreate your mileage log should you have neglected this task during the year, or should your mileage log have been destroyed.

One more thing - as most people now back up their phone data to the cloud or their computer, your tax information is now safely backed up!

Eric J. Buechler, EA 
 
EricJohn Ltd.
P.O. Box 9175
Rochester, MN  55903-9175
Telephone: 763.537.3244 763.537.3244 FREE  end_of_the_skype_highlighting
Fax: 763.537.3341
www.ericjohnltd.com