Relying on a preparer to file an extension isn't enough to escape a penalty. So in many cases, in our case, especially I guess as a preparer, we…
Listen
Podcast
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
Making major renovations to your home to support an in-home business, you may be able to take depreciation deductions. In 2008, a couple expanded their existing residence by…
ListenSeniors age 65 and older are getting a new tax return to fill out. It's called 1040-SR. IRS has released the draft of for 2019. It has the…
ListenSome changes are coming in on the 1040 for the 2019 year based on the draft that we've seen. This includes a line for capital gain and losses…
ListenWe started a new year. And now's the time to think about bookkeeping or keeping track of your tax records. If you need assistance, helping you with tracking…
ListenSpending time gambling doesn't always make it a trade or business. Remember the word hobby. IRS loves to use that on anyone that basically has some sort of…
ListenKeep in mind if you're in a partnership that owns a single member, LLC, that you must pay self-employment tax. Remember single-member LLC or basically sole proprietorship, this…
ListenWatch out if you plan to borrow from your IRA for short term cash need. The money must be returned within 60 days. And if it's not, if…
ListenIf you're the sole heir, you have an IRA and inherited it, you need to take the requirement of distributions. For anyone that inherits an IRA requirement on…
ListenVirtual currency. A lot of talk and a lot of tax issues. Did you know if you bought one bitcoin a 10 years ago today that Bitcoin can…
ListenMake sure you understand that when your tax person prepares their taxes sometimes, not many nowadays, but apparently 70% of paper file tax returns have been done with…
ListenI am Dr. Friday, an enrolled agent licensed with the Internal Revenue Service to do Taxes and representation. And that's what I'm really good at. So if you…
Listen