Again for my entrepreneurs, remember that health insurance premiums for the self-employed are 100% deductible for your insurance premiums on an above-the-line deduction. Meaning, guys, it's going to…
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Dr. Friday Tax Tips - One Minute Moment
One-minute tax tips from Dr. Friday. Quick answers to the questions clients ask most, more than nine hundred of them.
982 episodes
Student loan interest. This can be a tricky thing because a lot of times, parents have actually gotten the loans for the kids because they wanted to help…
ListenWe all know that the tax law changed back in 2017 when they pretty much eliminated, starting in 2018, the 2106 or Expenses for Employees. But if you…
ListenI am Dr. Friday, an enrolled agent licensed with the Internal Revenue Service to do taxes and representation. I do not work for the IRS. I work for…
ListenThis I like to think of is more of the hidden tax: the alternative minimum tax or AMT tax. A lot of people don't really know about it…
ListenAnd one of the calls we received on the radio a few weeks ago came in, and they were talking about collectibles. This person had a baseball card…
ListenAdoption tax credit. For those who adopt a child, you can receive a credit of up to $14,440 is qualified adoption expenses are required for the year 2021.…
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What’s The Difference Between a Tax Credit and a Tax Deduction?
Deductions & credits
People always ask me, "What's the difference between a tax credit and a tax deduction?" And one can be a lot more effective than the other. For example,…
ListenI am Dr. Friday, an enrolled agent licensed with the Internal Revenue Service to do taxes and representation. I do not work for the IRS. I work for…
ListenAnd today is April the 15th. The final day extensions need to be filed. Tax buttons need to be hit to E file taxes need to be paid.…
ListenIf you are the president of an 1120 Corporation nonprofit, I would say now is the time if you have not filed those taxes; you should probably get…
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