Dr. Friday offers valuable tips for preparing your tax documents before the New Year. By listing expected documents, such as retirement withdrawals, charitable contributions, or HSA transactions, you can avoid IRS notices and ensure a smooth tax season. Start planning now to make January stress-free.
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. Planning for our taxes. We’re almost there, guys. It’s almost Christmas, and we need to think about what we need to be preparing come January. Once the New Year’s is here, we’re going to have all this stuff coming in. I will totally tell you, you need to sit down now and think about what documents should be coming in.
Did you take money out of retirement? Did you invest money into a retirement? Do you have a health savings account? Do you have money coming out of that? Did you give money to charities? Making sure all of that is wrote down so when the documents come in and you’re missing one, you know it. Because otherwise, guess what? The IRS will be more than happy to tell you what you missed.
You need help? Just go to the web, drfriday.com. 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.