Podcast
One-minute tax tips from Dr. Friday. Quick answers to the questions clients ask most, more than nine hundred of them.
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Bookkeeping & payroll
Dr. Friday emphasizes the crucial role of proper record-keeping for self-employed individuals and small business owners. She highlights that keeping accurate records, including tracking expenses and maintaining receipts,…
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April Fools! Gotcha! In this episode of Dr. Friday's Tax Tips, Dr. Friday clarifies that while the IRS is indeed hiring new employees, they are not out to…
ListenAs the tax season draws to a close, it's crucial to take action if you haven't filed your taxes yet. If you're unsure about completing your tax return…
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Health & insurance
Dr. Friday highlights the importance of understanding how selling assets can affect Medicare IRMAA (Income-Related Monthly Adjustment Amount) for individuals over 67 who are on full social security.…
ListenIn this episode of Dr. Friday's Tax Tips, the importance of maintaining accurate mileage logs for tax deductions is emphasized. Dr. Friday advises listeners to use mileage tracking…
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Retirement & Social Security
Dr. Friday, president of Dr. Friday's Tax and Financial Firm, emphasizes the importance of not rushing through your 2023 tax preparation. She advises ensuring you have all your…
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Dr. Friday, a seasoned tax expert and enrolled agent with nearly 25 years of experience, introduces herself as the president of Dr. Friday's Tax and Financial Firm. She…
ListenReal estate agents can significantly reduce their tax liability by claiming auto expense deductions. The two primary methods for claiming these deductions are actual expenses or mileage, with…
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Deductions & credits
Dr. Friday explains the importance of below the line deductions in reducing your taxable income. These qualified deductions, such as standard deductions, charitable contributions, medical expenses, and mortgage…
ListenDr. Friday discusses the importance of above-the-line deductions in reducing your taxable income. These deductions, which include contributions to retirement accounts, health savings accounts, and student loan interest,…
ListenDr. Friday cautions taxpayers that the IRS employs software to analyze lifestyle factors when determining audit targets. Even if your tax returns are consistent and accurate, living a…
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Small business & self-employed
Single member LLCs, often synonymous with small businesses, require careful attention to tax obligations and compliance. While excise tax may not apply, self-employment tax is a crucial consideration.…
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