Tax questions
Gift tax, step-up in basis, trusts, inheriting property or accounts, and planning ahead.
Is your estate plan a "cure" or a "woe" for your family? In this episode, Dr. Friday is joined by board-certified estate planning attorney Russ Cook of the…
#Estate Planning#Revocable Trusts#Trustee Selection#Power Of Attorney
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Estate, gifts & inheritance
When you inherit real estate, the stepped-up basis can save you from paying taxes—but only if you document the property’s value correctly.
ListenOn this episode, Dr. Friday dives into critical year-end tax planning strategies and offers expert advice for listeners facing tough IRS issues. From the tax implications of an…
#IRS Debt Resolution#Business Vehicle Deductions#Estimated Tax Payments#Business Recordkeeping
ListenWorried about estate and gift taxes? Dr. Friday shares the good news: the lifetime exemption is now larger and permanent starting in 2026.
ListenOn this beautiful Saturday, Dr. Friday tackles some confusing tax changes and answers crucial listener questions. The show kicks off by clearing up the chaos around the 1099-K…
#Gift Tax Returns#1099-K Threshold#Tax Filing Status#Senior Tax Deduction
ListenOn this episode of the Dr. Friday Show, the doctor is in to cure your financial woes with a masterclass in tax-saving strategies. Dr. Friday tackles the complex…
#IRS Debt Resolution#Claiming Dependents#IRS Notice Resolution#Home Sale Exclusion
ListenWelcome to another episode of the Dr. Friday Radio Show. In this episode, Dr. Friday gets into pressing tax topics, including a potential new bill affecting overtime and…
#IRS Debt Resolution#Overtime And Tip Deductions#Home Sale Exclusion#Inherited Property Basis
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Estate, gifts & inheritance
This episode dives into the various types of trusts available for estate planning. Dr. Friday reviews A.B. trusts, living trusts, insurance trusts, charitable remainder trusts, and even disability…
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Estate, gifts & inheritance
Dr. Friday explains the rules for gift taxes in 2024, including the $18,000 annual exclusion and the $13 million lifetime limit, clarifying who is responsible for taxes.
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Estate, gifts & inheritance
Dr. Friday breaks down estate tax thresholds under the latest law and offers planning tips using trusts and gifting to avoid a steep 40% tax rate.
ListenDr. Friday explains the tax differences between professional real estate investors and casual investors, highlighting the 750-hour rule.
ListenThinking about selling real estate? Dr. Friday breaks down the tax implications for primary homes, investment properties, and 1031 exchanges. Learn about exclusion limits for primary residences—$250,000 for…
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