Tax questions
Gift tax, step-up in basis, trusts, inheriting property or accounts, and planning ahead.
Dr. Friday uses this final live radio broadcast to focus on tax planning before major life events, especially selling property, inheriting real estate, transferring family homes, and updating…
#Estate Planning#Lottery And Prize Taxes#Inherited Property Basis#Business Recordkeeping
ListenDr. Friday uses this episode to step back from the rush of tax season and look at what taxpayers can still control after the Tennessee filing extensions. She…
#Business Versus Hobby Losses#LLC Versus S Corporation#IRS Debt Resolution#Trust Income Distributions
ListenThis episode stays focused on last-minute tax-season decisions, especially for Tennessee listeners affected by the IRS winter storm extension to May 22, 2026. Dr. Friday explains why filing…
#IRS Debt Resolution#Estimated Tax Payments#Disaster Tax Extensions#IRS Notice Resolution
ListenDr. Friday explains that meeting the 750-hour test alone does not guarantee real estate professional status. She warns that taxpayers with full-time non-real-estate jobs often face IRS disallowance.
ListenDr. Friday discusses step-up in basis and why timing of transfers can affect taxes. She notes that gifting during life can sometimes leave tax savings on the table.
ListenWith tax season in full swing and the March 17 deadline for multi-member LLCs and S-corporations just around the corner, Dr. Friday packed this episode with timely, practical…
#Estate Planning#Senior Tax Deduction#Social Security Taxation#IRS Debt Resolution
ListenDr. Friday takes live calls focused on practical tax decisions people are facing right now. She explains how capital gains work on inherited and sold property, why basis…
#Senior Tax Deduction#Inherited Property Basis#Business Vehicle Deductions#Tax Preparer Accountability
ListenDr. Friday explains why inherited property can receive a step-up in basis, which may reduce future taxes. She cautions that quitclaiming property to children early can be a…
ListenDr. Friday explains that the higher estate and gift tax exclusion continues and rises with inflation. She shares why this helps families plan wealth transfers and when you…
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
ListenKick off the 2025 filing season with Dr. Friday as she walks through the additional senior deduction and how the new tips and overtime deduction works at year…
#Overtime And Tip Deductions#Inherited Property Basis#Business Recordkeeping#Trump Accounts
ListenDr. Friday explains that the estate and gift tax exemption stays at a higher level, giving families more certainty. She notes how that stability can help with long-term…
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