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982 episodes

One-minute answer

Dr. Friday in Brentwood, TN

IRS letters & problems

I'm an enrolled agent licensed by the Internal Revenue Service to do taxes and representation. That's all I do. I've been doing this for 20 plus years here…

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Tax Law Change on Alimony

Family & education

The tax law changed at the end of 2018 when it came to alimony. Many people seem to be a little confused about how exactly that's supposed to…

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How Do We Really Track Income?

IRS letters & problems

How do we really track income? I mean, if someone just gives me a little cash into the table and I go and do some work, is that…

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Record Keeping As An Entrepreneur

Bookkeeping & payroll

Record keeping as an entrepreneur. We are responsible for tracking the income coming in and the expenses going out. Was responsible for making sure 1099 are issued to…

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Hobbies vs. Businesses

We've talked in the past and where I'll keep talking about hobbies versus businesses. Many people will come in and they'll tell me, "Well, I have this business,…

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Getting Through the 2021 Tax Season

Investments & capital gains

And we are working hard trying to get through the 2021 tax season. And we're all finding out tax forms aren't perfectly correct. We can't find a basis…

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Putting Money Away For Retirement

Retirement & Social Security

As an entrepreneur I think one of the hardest things that most of us think about is retirement, putting money aside for that day that we might not…

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Did You Miss the March 15th Deadline?

Deadlines & filing

If you miss the deadline of March 15 for your business tax return, today's the day you really want to send it. It's that simple. You're going to…

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All Individuals Who File Partnerships

Deadlines & filing

And this is for all individuals to file partnerships. That would be 1065 limited liabilities with multi members, corporations, sub S corporations, not 1120s but all of you…

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Tax Deadlines You Need To Know About

Deadlines & filing

Tax deadlines are important. March 15, the 1120S, 1065. If you have an April 15th, you have 1014, 1120s many nonprofits 990s are due. These are important deadlines…

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Filing A Tax Extention

Deadlines & filing

Again, we are in the middle of tax season, it's busy. And if you don't have all of your tax documents right now, I'm going to suggest that…

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The Next Step After Preparing Your Taxes

Family & education

So, now you have prepared your taxes for 2021 and you owe money. What's the next step? If you have a real job, this next step is getting…

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