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April 16, 2024 3 mins

Yesterday was the deadline or the last day to file an extension.

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Episode Transcript

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Speaker 1 (00:00):
Well, yesterday was the deadline to file for your twenty
twenty three tax return or file an extension now. According
to CNN, failing to file on time when you still
owe taxes will subject you to a failure to file penalty,
which is based on how late your return is and
the amount of your unpaid tax Specifically, it will be
five percent of your unpaid taxes for each month or

part of a month that your return is late. The
IRS notes, However, this penalty will not exceed twenty five
percent of your unpaid taxes. Keep in mind too, your
outstanding ballast will be the subject to interest, will be
subject to interest if you're a late filer who is
owed a refund. In reality, you won't be hit with
a failure to file penalty if you miss your deadline. Okay,

so did you file on time? Did you have to
file an extension?

Speaker 2 (00:51):

Speaker 1 (00:52):
Even though this is okay, yeah, yeah, on time? This
is the day after the tax deadline. So Steve, do
you have any tax tip tax horror.

Speaker 2 (01:01):
Stories you want to share?

Speaker 1 (01:03):
And I see you with your hand on your face,
So something.

Speaker 3 (01:06):
Tax horror story that's gonna happen headline, I paid them
down taxi. I've been online for mine before and it
was an oversight. But lord him, they ate my ass alive. No,
I'm finished paying for the year up for twenty twenty three.

Speaker 1 (01:28):
Really, so you paid on time yesterday.

Speaker 2 (01:31):
You know, because I can't that that penalty. I can't
do that. Yeah, they already yeah, with interest.

Speaker 1 (01:37):
And yeah, it's never ending if you don't pay it.

Speaker 2 (01:41):

Speaker 3 (01:41):
A friend of mine told me how much he paid,
and uh, it was a staggering figure, a staggering figure.
But then I told him, I said, also, the blessing
is it's two blessings.

Speaker 2 (01:56):
You had it to pay. Yeah, that's number one.

Speaker 3 (02:00):
And then you had to pay you see what I'm saying. Yeah,
because for your tax bill to be that much, you
made so much.

Speaker 1 (02:09):

Speaker 2 (02:13):
So we had a good hard laugh about that.

Speaker 3 (02:15):
Uh huh. Yeah, give us a number of ball part man,
so we can just give me a ballpark, oh, a
friend of.

Speaker 2 (02:22):
Mine, Yeah, unless you want to share. Oh no, I
will never share.

Speaker 1 (02:28):
Mine because you've been a headline.

Speaker 2 (02:31):
It's been shipped for you. A matter of fact, we're
gonna leave him out of this too, because you.

Speaker 3 (02:38):
Didn't even give us a name. We don't know it
is Hell no. Yeah, let's move on, have no day.

Speaker 2 (02:46):
You don't want to talk about a lot That just me.

Speaker 1 (02:49):
I walked in yesterday my husband the taxes, and he said,
don't touch nothing, don't touch a piece of.

Speaker 2 (02:57):
Paper, don't move me nothing. What do you all think
is a high number? A million? Yeah, that's a big
number for us. That's you wish you could pay a million?
What are you saying? We gotta go?

Speaker 1 (03:12):
Coming up in thirty four minutes after the hour and
trending political news. Trump stopped last week at a Chick
fil a in Atlanta, was set up by a black
conservative activist, and we'll talk about it right after this.
You're listening Morning Show
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