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Accounting and Finances
December 28, 2022

Realtors: It's Normal to Hate Tax Time

As a real estate professional, it's understandable to feel overwhelmed and stressed during tax season. Between gathering all of the necessary documents and trying to navigate the complexities of tax laws, it's no wonder that many realtors dread tax time. However, it's important to remember that it's okay to feel this way and that you're not alone in feeling overwhelmed. But let's face it, there are some pretty good reasons why realtors hate tax time:

  1. You have better things to do: Let's be real, realtors have a million and one things on their to-do list. Tax time just feels like one more thing to add to the list, and let's be honest, nothing about taxes is fun.
  2. Time-consuming: Gathering all of the necessary documents and completing tax returns can be time-consuming and can take away from time that could be spent on other aspects of your business. Of course, tax time wouldn't be as time consuming if you used a bookkeeping app like Symba.
  3. Fears of making mistakes: The prospect of making mistakes on tax returns can be intimidating, especially since there can be consequences for mistakes. This can add to the stress of tax time.
  4. Realtors have a love-hate relationship with money: On one hand, you love money because it's what pays the bills and allows you to live the dream. On the other hand, you hate it because it means you have to do taxes.
  5. Financial implications: Taxes can have a significant impact on your financial situation, and it can be stressful to try to navigate the best course of action to minimize your tax burden.

It's important to remember that it's okay to feel overwhelmed and stressed during tax season. It's a common experience for many people, and there are resources available to help you navigate the process. Consider seeking the help of a tax professional or using tax preparation software to make the process more manageable. Remember to take breaks and practice self-care to help manage the stress of tax time.