Podcast
One-minute tax tips from Dr. Friday. Quick answers to the questions clients ask most, more than nine hundred of them.
One-minute answer
Deductions & credits
Dr. Friday, president of Dr. Friday's Tax and Financial Firm, delves into the often-overlooked aspect of tax deductions for small business startups. She emphasizes that expenses incurred in…
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Family & education
Dr. Friday addresses a common and complex issue in tax filing: the legitimacy of claiming dependents. She highlights a scenario where individuals may mistakenly claim their partner's children…
ListenDr. Friday addresses a common post-tax-filing question: tracking your tax refund. She explains that the best way to locate your refund is through the official IRS website (irs.gov)…
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Dr. Friday, a seasoned tax expert, shares vital advice on dealing with the IRS, emphasizing the importance of persistence. She explains that a single rejection from the IRS…
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Small business & self-employed
Dr. Friday emphasizes the importance of meticulous record-keeping for self-employed individuals and small business owners, especially those managing an S corporation, LLC, or sole proprietorship. She highlights that…
ListenDr. Friday, the President of Dr. Friday's Tax and Financial firm, emphasizes the importance of understanding the intricate relationship between taxes and Medicare IRMA, especially for those over…
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Deductions & credits
Dr. Friday, President of Dr. Friday's Tax and Financial Firm, emphasizes the critical importance of maintaining accurate mileage logs for tax returns. She highlights that mileage deductions are…
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Deductions & credits
Dr. Friday, President of Dr. Friday's Tax and Financial firm, delves into the significance of below-the-line deductions in tax planning. She explains how deductions such as standard or…
ListenDr. Friday highlights the significance of above the line deductions in tax planning. These deductions include contributions to retirement accounts, health savings accounts, and student loan interest. By…
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IRS letters & problems
Dr. Friday, a seasoned tax expert with nearly 25 years of experience, shares her role in protecting clients from IRS complications. As an Enrolled Agent, she emphasizes the…
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Deductions & credits
In this episode, Dr. Friday delves into the complexities of charitable deductions beyond cash contributions. She emphasizes that while donating cash can yield straight tax deductions up to…
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Deadlines & filing
episode, Dr. Friday addresses the evolving landscape of 1099k forms. She highlights the recent announcement of a new $5,000 threshold for 1099k, set to take effect in 2024.…
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