Insomnia Because of IRS Problems? Solve the Problem at the Root

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If you’re tossing and turning with anxiety at night, you’re certainly not alone. A Consumer Reports survey of over 4,000 people reveals that over one-quarter of adults struggle to sleep — and this was a problem long before COVID-related worries took over.

From work to health issues, several sources of stress may keep you awake at night. Some issues are easier to resolve than others, but any concern you can strike off your long list of stress-inducing issues is worth tackling.

We could provide all the sleep hygiene and relaxation suggestions in the world, but they’ll only deliver temporary relief if IRS problems are to blame for your endless tossing and turning. Instead, read on to learn how dealing with IRS drama now could improve your sleep:

Procrastination

Procrastination exacerbates the common issue of tax-related insomnia. A growing body of research suggests that people who habitually delay important tasks suffer worse sleep than those who get out ahead of important deadlines.

It’s perfectly normal to fear interacting with the IRS, but the more you put it off, the more miserable — and tired — you’ll be. Consider working with a tax resolution service so you can simultaneously resolve your procrastination habit and your IRS issues.

Debt

Another common source of IRS-related sleep deprivation: tax debt. Several types of financial debt can harm sleep quality, with preliminary research suggesting that those with more debt get less sleep.

This may be a matter of correlation versus causation, but it’s still worth your while to seek an offer in compromise, installment plan, or other solution for reducing your tax debt.

Don’t let IRS anxiety keep you up at night. Contact the Highland Tax Group to learn about top options for getting your tax situation under control.