"I have a home office, but I'm an employee, can I deduct that from my tax return?" Now we've probably covered this in a couple of other moments…
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Tax questions
Deductions & credits
What you can write off, which credits you qualify for, and the paperwork that proves it.
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IRS letters & problems
Deadlines & filing
Deductions & credits
Small business & self-employed
Real estate & rentals
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352 answers
Standard mileage rates for your business travel, also need to figure depreciation on your vehicle, which is better? I mean, should we take actual? Should we take miles?…
ListenRenting your house seems like a pretty easy concept. You rent it out, someone rents it, and then you have it. But sometimes you know what? Your son…
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Radio Show
March 6, 2021
Another episode of the Dr. Friday Radio Show is here! Dr. Friday talks about all things taxes, deadlines, and the following topics: Make Sure to Have The Right…
#Tax Refund Delays#Capital Gains Taxes#Amended Tax Returns#Stimulus Checks
ListenWe're preparing tax returns and PPP money. Keep in mind under the new tax law, they changed on 12-21-20. They basically said that in addition to expanding the…
ListenMany of you have started or are ready to file your taxes. Again, review the forms that you have. Did you get any kind of refunds from your…
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Spouse and I File Separate Returns, How Do We Split Itemized Deductions?
Deductions & credits
"My spouse and I are filing separate returns, how do we split our itemized deductions?" If you are filing, married filing separately, the one that is not paying.…
ListenSo here's the question, if you have a second home, is it tax-deductible? And the answer could be yes. If it's not a rental, we can write it…
ListenRemember mortgage interest may be tax-deductible. I say maybe because of the standard deductions now being so high. Many people have a difficult time actually meeting them. But…
ListenThis is happening more and more. This question says, "My father is in a nursing home and I pay for the entire cost. Can I deduct these expenses…
ListenI've had this question many times. This person says, "Is the interest amount that we paid to the IRS deductible?" You can probably answer this in your own…
ListenSomething new on our 2020 tax returns is a charitable contribution up to $300 coming straight off of 1040. Not part of our itemizing that we normally have…
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