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982 episodes

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Business Owners: Section 179 Deduction

Deductions & credits

Business owners, remember, we still have what's called a section 179 deduction of property that has been placed in service in that year. That is important. That means…

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Dr. Friday Talks About Itemizing Your Taxes

Deductions & credits

If you're thinking about itemizing, do remember that we do have a $10,000 cap on what we refer to as the salt tax, which is state and income…

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What You Need To Know About Paycheck Checkup

Family & education

Paycheck checkup. It is that time of the year when you need to review your children. Are you in the process of possibly a divorce? That is probably…

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The IRS Is Hiring 85,000 New People

IRS letters & problems

The IRS is busily hiring 85,000 new people to do collections. That's right. Most of those people are going to be brought in as collections. I wish they'd…

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How to Claim the Electric Vehicle Tax Credit

Deductions & credits

For all of you that have purchased an EV car, you might want to go. We've been doing some returns, and we're finding out that some of these…

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A Heads-Up To Business Owners From Dr. Friday

Small business & self-employed

And this is a heads-up to business owners. Remember, now that we're past the end of the year, you have annual reports and business licenses that I can't…

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How To Reduce Taxes With Standard IRA

Retirement & Social Security

Looking at your taxes, you prepare them, and you're like, "Wait, I owe a couple $100." One thing to think about is maybe you can put some money…

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How To Do Your Taxes the Right Way

Bookkeeping & payroll

If you have filed your taxes prepared your taxes and owed money to the IRS, it doesn't make a difference. If you're self-employed or if you're an employee…

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New Tax Law Changes You Should Know About

Deductions & credits

And even though you don't hear a lot of tax law changes, they're constantly adding requirements enhancing credit and deduction. Back on the 29th of 2022, they came…

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How Do I Get a 911 Form From the IRS?

When you're dealing with taxes, let's be honest, we have all, especially in the last few years, gone a bit crazy because we're not able to get resolution.…

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