IRS Trouble Solvers - April 2023

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5 DOCUMENTARIES TO WATCH ON EARTH DAY

It’s Crucial to File on Time!

Every April, the tax deadline arrives. With spring-cleaning, renewal, and rebirth on our minds, it’s time to get your ducks in a row and prepare to file your taxes. Are all of your documents organized? Do you have all of your receipts? Most importantly, are you ready to file on time? We all know April is the tax filing deadline, but like clockwork, some taxpayers still fail to file their tax returns each year. And unfortunately, failing to file your taxes on time brings a plethora of consequences, beginning with penalties. Did you know the IRS recognizes failure to file and failure to pay as a crime? And if the IRS can prove a willful attempt to evade taxes, you could be sentenced to up to five years in prison and pay up to $250,000 in fines. The penalties you incur depend on what exactly you did not do by the deadline in April. You may face a penalty for failing to submit a return or an extension. If 60 days pass and you still haven’t filed, the minimum penalty you face is $435, along with 100% of the tax you owe. Failure to file comes with a penalty of 5% of your unpaid taxes for each month or a part of the month the tax return is late.

Share the Facts With Your Whole Family!

Earth Day is coming up on Saturday, April 22. But do your kids know why we commemorate the holiday? Do you? If you don’t know much about the history of environmentalism — or just want to learn more about the state of our planet — consider celebrating Earth Day by watching a documentary as a family. Dozens of fantastic films cover everything from the crusade to preserve our coral reefs to how farmers use soil health to enhance the planet. Here are a few of our favorites. ‘Kids Take Action Against Ocean Plastic’ — This short five-minute documentary from National Geographic follows a group of Hawaiian students determined to clean up their local beaches. It’s available for free on National Geographic’s YouTube channel! (If you watch it and love this documentary, check out the PG-rated flick “Plastic Island” on Netflix, which tackles the same issue in Indonesia.) ‘Brave Blue World: Racing to Solve Our Water Crisis ’ — This PG-rated documentary about water security takes place on five continents and stars celebrities Liam Neeson, Matt Damon, and Jaden Smith. Check it out on Netflix. ‘Extinction: The Facts’ — This hard-hitting documentary from famous nature historian David Attenborough is perfect for kids ages 16 and up. It tackles serious topics like species loss, food and water shortages, and the relationship between climate change and pandemic diseases. “Extinction: The Facts” is available on PBS.org or Prime Video. ‘Kiss the Ground’ — Join actor Woody Harrelson on Netflix for an inspiring look at soil, why it matters, and what farmers and activists are doing to save and enhance it — and our food supply. The documentary is family-friendly and rated G. None of these documentaries existed in 1970 when anti-pollution activists came together to create Earth Day, build the Environmental Protection Agency (EPA), and pass laws to protect our air and water. But they’re a wonderful extension of that spirit! Hopefully, you will be able to find time to watch at least one of them this month. After watching, consider taking action and volunteering for a green project near you.

When you incur debt (interest included) with the IRS, you will be granted a

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