Tax questions
Due dates, extensions, estimated payments, and how to file without surprises.
Tax season is in full swing, and this episode centers on making smart filing decisions before deadlines hit. Dr. Friday opens with reminders for entity returns due March…
#Capital Gains Taxes#Roth Conversions#Grant-Funded Wages#Trump Accounts
ListenDr. Friday explains that W-2 and 1099 deadlines generally fall at the end of January, unless an extension is requested. She recommends contacting payers promptly and making a…
ListenDr. Friday explains that more W-2s and 1099s may be delivered electronically, which can surprise people waiting for mail. She recommends updating your email with employers and payers…
ListenDr. Friday explains a new IRS form, 1099-DA, that begins in 2025 for digital assets. She notes it will work much like a 1099-B and makes it easier…
ListenDr. Friday explains why 1099-K reporting matters for people selling online or earning through apps. She warns that ignoring these forms can lead to IRS notices because the…
ListenTax season questions came in fast this week, and Dr. Friday opened by correcting confusion around overtime and tip-related tax treatment. She walked through RMD caller scenarios, including…
#Business Vehicle Deductions#IRA Withdrawals#Business Recordkeeping#Overtime And Tip Deductions
ListenDr. Friday reviews IRS modernization efforts like expanded e-filing and faster processing. She points out that it can still be difficult to reach an IRS agent, and that…
ListenTax season is open and Dr. Friday jumps right in, clearing up confusion around tips and overtime deductions and the documentation required. She warns against preparers who charge…
#Overtime And Tip Deductions#HELOC Interest Deductions#Tax Preparer Accountability#Employee Misclassification
ListenDr. Friday closes out January by reminding listeners that tax season is underway. She shares a simple system for gathering W-2s and 1099-Rs and using SmartVault to speed…
ListenDr. Friday explains how marriage and divorce affect your taxes, especially filing status. She clarifies that a divorce at any point in the year counts for the entire…
ListenThis week, Dr. Friday breaks down the Trump account election (Form 4547) and what it means for parents, grandparents, and employers. She also revisits tips and overtime reporting,…
#Trump Accounts#Overtime And Tip Deductions#Car Loan Interest Deduction#Choosing Tax Preparers
ListenDr. Friday encourages taxpayers to think beyond filing their 2025 return and start planning for 2026. She highlights common events like conversions, real estate sales, and IRA moves…
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