Human nature never ceases to amaze. We haggle over a restaurant tip, but let tax deductions that may total hundreds of dollars slip through our fingers. We complain over high interest rates, but neglect to include that sales tax on our tax return. Why are we so fickle?
The reason for letting those dollars land in the U.S. Treasury at tax time is simple. It often comes down to poor record keeping. There’s just no easy way to keep track of all those middling expenses that seem so insignificant until you decide one day to tally them. That’s when you realize you’ve actually been on a mission to lend a helping hand to the I.R.S. Did you know? But stop and ask yourself: Do you really want to fork over more money to Uncle Sam? Wouldn’t you rather keep your dough, especially when you realize those missed deductions are adding up to a sizable wad of cash?
When it comes down to the aggravation factor, don’t let that stop you from keeping what’s rightfully yours. Most of us feel Uncle Sam already keeps too much of our earnings.
Research demonstrates that the desire for convenience is a huge element for most Americans, but you already knew that intuitively. Just think about how you go about your business each day in your car. You look for the shortest way to your destination, even if it costs you a little more.
When you take a look at all those receipts (if you were savvy enough to save them all), tax preparation still seems like an onerous task. Why not use a professional to do your small business taxes this year? You might be surprised at the amount of deductions you will have, when tax preparation is put into the hands of a professional! And, you’ll be freed from one more task that will takes up way too much of your time.
Now take a deep breath. Don’t you feel better already!