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
Retirement & Social Security
For all employers that deferred their Social Security tax from 2020, remember on December 31, 2021, you have to pay 50% of what you deferred. That is going…
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Bookkeeping & payroll
Did you know the government can garnish a criminal 401k to pay recipe restitution, which basically means if they consider what you've done criminal, for example, if you…
ListenMisclassified workers remain a priority for the IRS. They now have their own division within the IRS trying to identify misclassified workers. The reason is firms are trying…
ListenMany of you may have filed for the Recovery Rebate Credit on your 2020 tax return. And then you got a chance on that because the IRS came…
ListenNow's another time to be thinking. Right now we have a charitable deduction: Single person is 300 and married couples are 600 above the standard deduction if you…
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And if you're thinking, "Now would be a great time to make an appointment with Dr. Friday to get started with her services," you're 100% correct. Right now…
ListenI am an enrolled agent licensed by the Internal Revenue Service to do taxes and representation. I'm kind of like Superwoman between you and the IRS. I do…
ListenInjured or innocent spouses. Married couples typically file joint returns. The good news is that they usually get a better tax rate and qualify for nicer credits. The…
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…
ListenEmployee or independent contractor. That seems to be a million dollar question. The state, the Federal, the IRS, almost every agency is now looking into this question. The…
ListenAnd we are into the last month of this year. It is time to start really seriously thinking, do a rough run through on your taxes. Did you…
ListenAnd we still have a Section 199A deduction. It came back in 2017 part of the Tax Cut and Jobs Act. But remember under the new Section 199A,…
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