Charitable contributions. Many people kept saying they're not deductible, they're not deductible. Well, that's not true. The fact is they are deductible. The difference is that you have…
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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
Can tax deductions be carried over? Well, in most cases the answer is going to be no. You can carry forward charitable contributions that exceed 50% of your…
ListenShould you start gifting out money from your estate, maybe help lower the taxes? And the answer could be yes, but there's a lot more to it. Remember…
ListenI'm Dr. Friday, an enrolled agent licensed with the Internal Revenue Service to do taxes and representation which basically means guys, I'm kind of like a shield between…
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Can Small Business Owners Deduct Meals and Entertainment?
Small business & self-employed
Last year there was a lot of confusion about small business owners deducting meals and entertainment. And the question basically is, can they or can they not? The…
ListenHome office. You know, for many years, we've been taking home office for small businesses as a deduction. But coming about five years ago or so they came…
ListenSome of our popular deductions and credits did change last year. Remember dependent exemptions? Gone. That was the $4,050 for each person that was a qualified child in…
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Fun Way To Make Tax-Free Money
I think this is kind of one of those best-kept secrets when it comes to taxes. Did you know that you could rent out your primary home for…
ListenI'm Dr. Friday, an enrolled agent licensed with the Internal Revenue Service to do taxes and representation which basically means I'm kind of like a shield between you…
ListenIs there a homebuyer's credit? No longer. In 2007 there was one and we had to pay back $500 every year and then in 2008 they gave another…
ListenHow does a W4 form work? Because a lot of times it can be very confusing. In fact, I've always thought that maybe they should rethink the top…
ListenI'm Dr. Friday, an enrolled agent licensed with the Internal Revenue Service to do taxes and representation. So there's no reason for you not to have a local…
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