Don’t get worked up about jumping through administrative hoops such as filling forms, filing tax returns, sending applications. Especially don’t go on a moral plane and say things like, ‘I shouldn’t have to do these things’ or ‘This is degrading’. It is much more easier to just do the work which cannot be reasonably argued with. Further, if you don’t, you can stand to lose a lot. And not for interesting reasons. Think of it as one-boxing on Newcomb (though without the million dollars).
Don’t get worked up about jumping through administrative hoops such as filling forms, filing tax returns, sending applications.
Also, if you make a half-decent salary, ask yourself whether you ought to be doing it at all as opposed to delegating it to e.g., a tax professional.
Probably one of the most important rationality skills I have learned is to really internalize the principle “my time is worth something” and spend money on delegating tasks I find annoying or time-consuming.
I tried delegating my taxes to a tax professional last year. It took -more- time, not less.
This year it could potentially save my time, because I already know my deductions are going to be pretty significant. (1/5th of my pretax income last year went towards a new roof. And I bought a new computer for work. And a bunch of other homeowner investments that AFAIK are deductible.) As opposed to last year when the “professional” ignored me when I told her my deductions wouldn’t exceed the standard deduction, and insisted on going through mounds and mounds of paperwork and receipts, trying to get me $1 over the standard deduction. (I think we ended up about $50 short, and that was after some very… creative deductions.)
Be cautious with professionals who think they know more than you about your business, I guess.
Don’t get worked up about jumping through administrative hoops such as filling forms, filing tax returns, sending applications. Especially don’t go on a moral plane and say things like, ‘I shouldn’t have to do these things’ or ‘This is degrading’. It is much more easier to just do the work which cannot be reasonably argued with. Further, if you don’t, you can stand to lose a lot. And not for interesting reasons. Think of it as one-boxing on Newcomb (though without the million dollars).
Also, if you make a half-decent salary, ask yourself whether you ought to be doing it at all as opposed to delegating it to e.g., a tax professional.
Probably one of the most important rationality skills I have learned is to really internalize the principle “my time is worth something” and spend money on delegating tasks I find annoying or time-consuming.
I tried delegating my taxes to a tax professional last year. It took -more- time, not less.
This year it could potentially save my time, because I already know my deductions are going to be pretty significant. (1/5th of my pretax income last year went towards a new roof. And I bought a new computer for work. And a bunch of other homeowner investments that AFAIK are deductible.) As opposed to last year when the “professional” ignored me when I told her my deductions wouldn’t exceed the standard deduction, and insisted on going through mounds and mounds of paperwork and receipts, trying to get me $1 over the standard deduction. (I think we ended up about $50 short, and that was after some very… creative deductions.)
Be cautious with professionals who think they know more than you about your business, I guess.
Also, laundry, dishes, and cleaning. If you have potentially lucrative side projects going it can be stupid NOT to free up your time.
Sounds a lot like “paperwork is a mild annoyance to me, therefore people who claim to find it painful are just being drama queens”.
No. Paperwork has definitely been more than a mild annoyance to me and has cost me a lot in missed opportunities and money.
Then shouldn’t you be including advice on how not to get worked up about it?
That sounds a lot like losing.