Understanding Your Tax Liability

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
Understanding Your Tax Liability

Dr. Friday 0:00
Good 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.

Dr. Friday 0:12
And this year is flying by. We’ve already finished the first quarter; we’re getting ready to look at quarterlies for 2022, completing taxes for 2021 installment plans, or offering compromises. Those are all in play. And the IRS is doing a little better job in trying to communicate what they want from us as far as trying to make these deals. But it would help if you had someone to represent you. You need to make sure you’re making your quarterly estimates. As an entrepreneur, that is something we’re supposed to do. And you’re not supposed to wait until the end of the year. There are penalties for that. And if you want to try to keep more money in your pocket, you need someone like me to help you understand your tax liability.

Announcer 0:51
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.