The Advanced Child Tax Credit. This is something we haven't had to deal with. And now that we're into the 2021 tax season and we're preparing forms, people…
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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
And we talk a lot about 2021 getting prepared for our tax season. But remember, we're in 2022. This may be the time for you to also think…
ListenSomething that I find that a lot of people don't take advantage of, and is the Retirement Savers Credit. So in 2022, the brackets that come in this…
ListenFor all those that are taking Required Minimum Distributions. So this could be individuals that are 70 and a half or older. Depending on when you have it.…
ListenPay attention to the Required Minimum Distribution rules. We call them RMDs. Remember, the new law came out, and that said if you in the year you turn…
ListenOne of the changes that will probably help just about everybody out there is the Charitable Deduction. Nowadays I know we have the standard deduction, but remember above…
ListenMake sure that your W2 is correct. We're receiving quite a few emails this year. They're telling us that the information on the W2 isn't matching the final…
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The 2022 Tax Starting Date
The IRS has stated that the 2022 tax starting date will be between January 15 And February 15. We don't have an exact date, but that doesn't mean…
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Limited Partnership Income Could Be Self-Employment Tax
Small business & self-employed
Limited partnership income may be subjected to self-employment tax. Listen up. I know a lot of you guys get talked into doing special types of entities LLCs, Sub…
ListenChild Tax Credit and Advanced Child Tax Credit. We are wondering at this moment, will you be getting a payment come the 15th of this month since the…
ListenMy name is Dr. Friday. I'm an enrolled agent licensed by the Internal Revenue Service to do taxes and representation. That's all I do, guys. You might be…
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The Tax Year of 2021
We are getting ready to start our wonderful tax season for the tax year of 2021. And now we have to start thinking about documentation. When do we…
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