If for whatever reason you no longer take the standard deduction than good record keeping is vital in preparing your yearly taxes not to mention IF you get audited.
This method is one analog way to keep records. Consulting a tax preparer or financial pro is still critical to determine what is deductible for you as that dictates what records you most need to keep. This method may be of most use for new sole props, LLCs, or similar types who loathe e-kwickenbooks.
Caveat emptor! This is provided for infotainment and inspiration. Download a printable, full color, letter size pdf. Click here EZ Tax Record Keeping Method.