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(Sr.Citizen:)At this point, with all the other required end of year statements we are ready to visit with the CPA. He has done her taxes for years, which often require submittal to 4-5 different states, and is very pleased with the detailed summaries we provide.

So there you are. If it works for you and works for him, keep it up.

An accountant who did some work for her suggests she record her expenses directly to a report, maybe using Quicken, and then only organize the receipts if she gets audited.

That would work too, but -

1. It takes discipline and time to do it on a monthly basis. Professional performers, athletes, and people like that tend not to get that sort of thing done on a current basis. Often they're traveling or playing, or on an intense project anyway.

2. If you let it go until the end of the year, it's just as much work as what you do now.

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