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In this video, Mike Mancini shares a quick five-minute hack to manage the overwhelming accumulation of receipts he faces at the end of each month and year. He discusses the challenge of handling numerous physical receipts from meals, client meetings, and other expenses, which he typically throws into a box, leading to a chaotic tax season. Additionally, he receives multiple receipts via email daily, adding to the clutter as he often prints these out and files them manually. To alleviate this burden, Mike offers a solution that simplifies the organization of receipts for easier tax preparation.