04.17.23 TAX DAY Directive + Tax Scam Warning / Banks Closing Accounts

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 17 April 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tomorrow is tax day. What if you can't pay what you owe right now? Understand the penalties: Failure to pay vs failure to file. AND - be aware of tax scams. Also in this episode, the banking industry is going through a troubled phase, making it a difficult time for customers. Banks are closing accounts with no warning, making Clark’s “Noah’s Ark Rule” more important than ever. Tax Day-Failure To File: Segment 1 Ask Clark: Segment 2 Banks Shutting Down Accounts: Segment 3 Ask Clark: Segment 4 Mentioned on the show [The Washington Post] If you owe the IRS and can’t pay, this is what you should and shouldn’t do No, the IRS isn't calling you. It isn't texting or emailing you, either [The Washington Post] Don’t get tricked by these ‘Dirty Dozen’ tax scams 5 Tax Scams You Need To Watch Out for in 2023 Why You Do Not Want To Get a Big Tax Refund Check Automatic Bill Pay: How It Works and How To Do It Safely What Is a Fiduciary Financial Advisor and Do I Need One? NYTimes: Banks Are Closing Customer Accounts, With Little Explanation Credit Union Small-Dollar Loan Volume Hit New High in 2022 Credit Union vs. Bank: What's the Difference? How Many Credit Cards Should I Have? MyMoneyBlog About the FedNow Service Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:40.9	You make better financial decisions in your life.
0:44.8	Tomorrow is Tags Day.
0:48.1	And I have some info for you, whether you file or not.
0:53.9	Also, something I find horrible is happening to bank customers.
0:59.0	Their accounts are being closed down with no warning and no reason given.
1:05.9	I'm going to tell you about it.
1:07.0	What you need to know, you can't prevent it,
1:10.6	but you can eliminate a lot of the harm to you if you know what to do.
1:17.0	So tomorrow, if you have not filed your return,
	...

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