In this episode, Dr. Friday emphasizes the importance of organizing tax documents early, even though it’s October. She advises preparing a checklist of all jobs and sources of income from the start of the year to avoid errors and ensure all necessary paperwork is in hand before tax season. Missing documentation can lead to IRS corrections, penalties, and interest. For assistance, Dr. Friday offers her firm’s support.
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.
Making sure that you have all of your tax documents in line. I know it’s October guys, but right now is when we need to think back, put together that little manila envelope and put out there how many jobs did you have. Look back to January and February because they’re going to start coming in very early in January and you need to make sure before you prepare your taxes you have all of your documentation because I can’t tell you how many returns throughout the year we have to get corrected or worse the IRS has corrected because something has been forgotten on the return. Then you got penalties, then you have interest. If you need help, call our firm 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.