You could even use sub-labels, say:
1) incometaxes/personal
2) incometaxes/blogging
3) incometaxes/lovedrop

And then you would have separate records for each of these entities!

Also, I may copy your post come tax time – those are some interesting facts! (I’ll of course credit y’all back ;))

I can’t wait to post about 2012’s taxes though, and how much I’m gonna rock that $hit!! Haha… all a learning process, I guess ;)

@bogofdebt – Nice. I haven’t ever tried filofaxes before, but if they’re what I’m thinking of I think they’re great ideas. And even more so holding on to all your tax stuff for 7 years – well done, my friend! Very smart.
@Jeffrey – So you just scan in all phsyical receipts as you get them then? The part that scares me there is if your comp dies! Yikes. Maybe you’re good at backing stuff up though :)
@Brian – Haha, I know – def. the hardest part is finding that system that works and getting started. After spending 5 more hours today on it (the Love Drop part) I’m pretty confident I’ll be motivated to stick to it… I can’t go through this pain again! (And yeah, only good thing about paying $25k in taxes is that I made a lot more ;) And as long as that keeps happening, I’ll be happy to keep paying more taxes!)
@Carrie – Careful Cents – Thanks Carrie! No, have’t heard of Lemon before but I like the name :) I’ll check it out in a bit, once I post this. Keep up doing a great accounting job over there! That’s sexy ;)
@SmartAssetTeam – Aww, thanks. Appreciate it :) I am glad that I can do that as well, but man – still sucky I have to learn the hard way a lot of times… and the only reason I started so early this year was cuz I knew it was gonna be a pain, and just wanted to get it done once and for all. Bleh… 2012 is gonna be a helluva lot better, you wait! :)
@slug | sunkcostsareirrelevant.com – That’s a smart idea. If you think you’re doing well, and nothing major changes w/ your stuff, then great – keep it up, bro!
@retirebyforty – Yup! It does get a bit more exciting though once you do *your* part, and then you’re waiting to see all the magic they do and what the final outcome is :) I like the surprise “final” numbers at the end… well, *surprise* only if it’s a good one! Haha…
@Robin – Aww, good!! I’m glad you were able to find it – we decided to leave up the site mostly as-is until we work on Phase II… that way we can all check it out whenever and get happy :) Have a great weekend!
@Heather Stephens – Thanks! And yup – no way I’m doing all these myself, I totally don’t trust myself at all w/ hardcore details, I’m more of a rough estimate kinda guy ;) Which is not good for this stuff, haha…
@Chris P – Haha, nice! Is that because you’re a minimalist, or just cuz it’s cheaper to rent/own? :)
@cashflowmantra – Haha, I know, right? It’s so awesome! That’s pretty much what took me 5 hours today too, going in and entering every single reciept into my spreadsheet – jeez… I think doing it once a month is gonna be MUCH much better going forward. I don’t mind mini spurts of 20 mins here and there, but there’s no way I’m doing that many hours again down the road. I learned my lesson! :)