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982 episodes

One-minute answer

Here’s How to Reach Me

IRS letters & problems

I'm Dr. Friday, an enrolled agent licensed with the Internal Revenue Service to do taxes and representation, which basically says that I know one thing really well -…

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How Does a W-4 Form Work?

Bookkeeping & payroll

How does a W-4 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…

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Home Office

Deductions & credits

Home office. You know, many years, we've been taking home office for small businesses as a deduction. But coming about five years ago or so they came up…

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Cars as Charitable Contributions

Deductions & credits

Charitable contributions. You know, there are more ways to give to charity than just cash and many people will give clothing, household furnishing, cars. And cars are a…

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Tax Deduction for Medical Expenses

Deductions & credits

What is a tax deduction for medical expenses? The IRS allows you to deduct qualified medical expenses that exceed 7.5% of your income for 2017 and 2018. But…

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The Truth About Anti-Taxation Groups

IRS letters & problems

Have you been getting some phone calls from maybe anti-taxation groups, basically arguing, saying we should not have to pay taxes? It's against the 5th Amendment, the Constitution,…

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Reimbursements for Employees

Bookkeeping & payroll

Remember in 2018 we had a huge tax change and one of it was reimbursement for employees. Many of my truck drivers lost several thousands of dollars in…

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Are You Self-Employed?

Bookkeeping & payroll

Are you self-employed? Are you an individual that has to do 1099s or even W-2s and miss cases for your employees? First thing when we're talking 1099s, are…

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You Need a Tax Person in Your Life – Here’s Why

IRS letters & problems

I'm Dr. Friday, an enrolled agent license 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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It’s Time to Start Preparing for 2019 Taxes

Bookkeeping & payroll

It's time to start preparing for 2019 taxes. We are going to give a busy year this year and one of the things you want to prepare for…

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Are Legal Fees a Tax Deduction?

Deductions & credits

Are legal fees a tax deduction? Many times people come in and they're like, well, I've had to, you know, pay legal fees to get a will, a…

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