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Mike Mancini introduces a five-minute hack to manage an overwhelming collection of receipts accumulated throughout the month or year. As a busy professional, he often receives various receipts from meals, client meetings, and parking, which he previously stored in a box, complicating tax season preparation. Additionally, he receives multiple email receipts daily that require printing and physical organization. This clutter results in extensive folders presented to his accountant at year-end. The tutorial aims to simplify this process, helping users efficiently organize their receipts to ease the tax preparation burden.