Financial Conditioning
Simon Karmarkar delves into inspiring stories and advice on achieving financial freedom. Get actionable tips, motivational stories, and insightful discussions that will empower you to take control of your financial future and get financially conditioned.
What Happens If I Don’t File My Taxes on Time?
In episode 95 of Financial Conditioning, Simon Karmarkar dives into the intricacies of tax filing, providing a comprehensive overview to help listeners navigate Tax Day with confidence. He discusses the specifics of handling late filings, offering guidance for those who may find themselves behind schedule. The episode also covers strategies for managing taxes when expecting a refund or facing challenges in paying on time, equipping listeners with practical solutions to meet their obligations. Simon concludes with encouraging remarks, motivating listeners to approach tax season proactively and highlighting the importance of staying informed and prepared in their financial journey.
Key Points
- Missing the tax filing deadline can result in penalties and interest, but it's crucial to file as soon as possible to minimize these consequences.
- If you can't pay your taxes on time, you can sign up for a payment plan to avoid additional fines and manage your payments more effectively.
- Even if you are owed a refund, you have up to three years to file your return and claim your money from the IRS.
Chapters
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Transcript
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