Avoid 100% Penalties

Avoid 100% Penalties
Dr. Friday Tax Tips - One Minute Mo...

 
 
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Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial firm. To get more info go to www.drfriday.com. This is a one minute moment.

What should we be thinking about on the second day of January? We should be thinking about taxes. It’s now time to think about it, especially if you’re an entrepreneur. We have W-2s do by the end of this month. We have 4th quarter 941s, 940s, 1099s that have to be filed with the 1096 – all of that have to be done by January 31st. So now is the time to really be crunching those numbers, making sure you’ve got Social Security numbers and addresses. There are some serious penalties if you don’t file 1099 and there are also penalties if you don’t file W-2s. It can be 100% of the tax you owe.

So if you’ve got questions (615) 367 0819.

Announcer 0:53
You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN