One of the most insidious pieces of paper that regularly litters my clients’ homes is the receipt. Alone it may look small and harmless, but it can be powerful in its importance or unimportance. Let me explain the latter.
One piece of tax advice I hear is “keep everything!” Really? This 2004 receipt for “Beggin Strips” from Petco is going to help me save money on taxes? Unless you run a kennel, this piece of paper is probably not going to help you.