As the tax deadline approaches, Dr. Friday urges listeners who haven’t filed their taxes to submit Form 4868 and pay their estimated tax liability to avoid penalties. By filing an extension, taxpayers gain until October to complete the necessary paperwork. Additionally, Dr. Friday reminds listeners to review and adjust their W-4 forms, especially if they have children turning 18 or are going through a divorce, to ensure accurate withholding throughout the year.
Transcript
G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one minute moment.
It’s Friday. It’s almost tax day, guys. You only have till Monday. It’s going to be a very long and busy weekend. If you haven’t filed your taxes yet, I suggest filing a 4868, paying whatever you think you’re gonna owe, file the extension. I know I keep pushing it, but it saves you a lot of money. Then you have until October to file the paperwork. Not pay it, but file it. Also, you need to make sure that if you haven’t done it yet, you’ve taken a look at your W-4. Maybe you need to make an adjustment. It’s time to do that. If you have children turning 18 this year, or you have divorce in the highlight, you need to make adjustments to your W-4 form.
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