October 15th marks the final day to file your 2023 taxes if you were on an extension. Dr. Friday warns that failure to file by today can lead to hefty penalties, with a 5% per month charge on any owed taxes, up to 25%. While filing on time avoids penalties, any unpaid taxes continue to accumulate interest. Don’t miss the deadline—file today to avoid extra costs!
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 a die or not die day because today is October the 15th, which means if you have not filed your 2023 taxes and you were on extension, today is the last day. Remember, if you haven’t filed taxes and you owe money, 5% per a month, up to 25% of what you owe is immediately going to be tacked on. So if you owe money, it doesn’t stop with this extension. It does help you get your paperwork on time and failure to file penalty will not happen until tomorrow. So this is a great way to make sure you file your taxes on time. You need to file 2023 by today, 615-367-0819.
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.