In this one-minute moment, Dr. Friday emphasizes the importance of taking your time when filing your taxes. Many mistakes occur when people rush to file their taxes or are overly eager to receive their refund. Incomplete or inaccurate information can lead to the IRS sending “love letters” that often result in changes to your return, refund, and potential penalties and interest. Dr. Friday’s advice is simple: don’t rush, and ensure you file everything you have to avoid costly mistakes.
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.
Think about what you’re filing. I can’t say that enough. Think about what you’re filing. Don’t just rush to file. Most of the mistakes that happen is because people are so anxious about either filing their taxes on time or they really, really want that refund so they put the money and the information in but it’s not complete. The IRS is going to send you a love letter and nobody likes them. Even though I call them love letters, maybe I should start calling them hate letters. But either way, it’s a letter that’s going to tell you most likely they have changed your return, they’ve changed your refund, now you have penalties and interest. Don’t rush. That’s the secret to tax season. Make sure you file everything you have.
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.