Tax questions
IRAs, 401(k)s, Roth conversions, required distributions, and how Social Security is taxed.
One-minute answer
Retirement & Social Security
What should you know about qualified and nonqualified retirement plans? A, let me put a caveat. I am not a financial planner. But by choosing if it's qualified…
ListenYear-end tax planning tips. Let's do it. Do a trial run on your taxes just to see if you have enough money coming out. Your W4 may need…
ListenIRA for kids. Let's say your kid goes out and starts cutting grass or doing something outside the household in which they are earning money. Remember they can…
ListenFederal Tax Code encourages charitable contributions after the age of 70 and a half. You may be able to make this directly from your RMD or required minimum…
ListenWelcome to another episode of the Dr. Friday Radio Show! In this show, Dr. Friday shares the latest tax updates, answers callers questions, and talks over the following…
#Health Savings Accounts#Amended Tax Returns#IRS Debt Resolution#Capital Gains Taxes
ListenWelcome to another episode of the Dr. Friday Radio Show! In this show, Dr. Friday shares the latest tax updates, answers callers questions, and talks over the following…
#Tax Refund Delays#IRS Debt Resolution#Roth Conversions#Social Security Benefits
ListenDue to the hardships of 2020 many people had to reach out to other situations. Maybe you took early social security which may have limited your earnings. Or…
ListenA question that came in says, "I've retired last year and started receiving Social Security payments. Do I have to pay tax on my Social Security benefits?" Assuming…
ListenWelcome to the Dr. Friday Radio Show! In this episode, Dr. Friday answers all the caller's questions concerning taxes, tax deadlined, and also the following topics: Tax Advantages…
#Estate Planning#Capital Gains Taxes#IRS Debt Resolution#Power Of Attorney
ListenA Roth IRA or a standard traditional IRA? Under the current tax law, I've been talking to quite a few clients that are married couples making less than…
ListenWelcome to another episode of the Dr. Friday Radio Show! In this episode, Dr. Friday answers all the caller's questions concerning taxes, including the following topics: Is There…
#Capital Gains Taxes#Inherited Property Basis#Business Versus Hobby Losses#IRS Debt Resolution
ListenChildren under the age of 18 working for mom and dad in their business. Partnership or sole proprietorship? Awesome idea, people! Why not have kids work, learn that…
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