The Dr. Friday Radio Show

In this episode of the Dr. Friday Radio Show, financial counselor and tax consultant Dr. Friday covers a range of important tax topics, from capital gains to inheritance issues, and provides valuable information about the current tax-free weekend in Tennessee. Topics Covered: Capital gains tax rates and thresholds Inheritance and step-up basis for real estate Tax implications of gifting property v...

Welcome to another episode of the Dr. Friday Radio Show! In this episode, Dr. Friday provides expert advice on navigating the complex tax landscape, discussing topics such as extensions, phantom income, and real estate tax implications. This episode is packed with valuable insights to help you manage your finances better. Key Points Tax Extensions and Deadlines : Discussion on the recent tax exten...

In this episode of the Dr. Friday Radio Show, Dr. Friday discusses various tax-related topics, including franchise excise requirements, inheritance tax, and the American Family and Work Act of 2024. Dr. Friday also provides advice on starting a business and maintaining proper documentation for tax purposes. Topics covered: Franchise excise requirements and potential refunds for Tennessee businesse...

In this episode of the Dr. Friday Show from May 11, 2024, Dr. Friday covers a range of tax-related topics, including updates on tax laws, advice for handling tax issues, and answers to listener questions. She provides insights and guidance to help navigate the complex world of taxes. Topics covered: Tennessee franchise and excise tax refunds for filings after March 31st, 2020 Handling amended tax...

In this episode of the Dr. Friday Show, tax expert Dr. Friday takes on a variety of questions from callers seeking advice on tax issues, inheritance, and financial matters. Dr. Friday provides insights and guidance to help listeners navigate the complex world of taxes and finance. Topics covered: Changes in Tennessee tax laws for small businesses and franchise excise tax Handling inheritance of bo...

In this episode of the Dr. Friday Radio Show, tax expert Dr. Friday discusses various tax-related topics, including extensions for certain counties affected by severe weather, setting up payment plans with the IRS, and handling tax situations involving inherited properties, capital gains, and more. Topics covered: Extension until June 17, 2024, for individuals and businesses in certain Tennessee c...

In this episode of The Dr. Friday Show, Dr. Friday, discusses various tax-related topics and answers questions from callers. She provides insights on the new Tennessee franchise tax bill, medical deductions, self-employment taxes, and dealing with the IRS. Topics covered: Tennessee Senate Bill 2103 and its impact on franchise excise tax Maximizing medical deductions and the 7.5% AGI threshold Adju...

In this episode of the Dr. Friday Show from March 23, 2024, Dr. Friday discusses various tax-related topics and answers caller questions. As the tax deadline approaches, Dr. Friday provides valuable insights and advice for navigating the complexities of tax season. Topics covered: Business tax, franchise excise tax, and annual report deadlines for small business owners Marginal tax rates and brack...

In this episode of the Dr. Friday Radio Show, Dr. Friday, a financial counselor and tax consultant, discusses various tax-related topics and answers caller questions. As the tax season is in full swing, Dr. Friday provides valuable insights and advice for listeners. Topics covered: Filing deadlines for different tax forms (1065, 1120S, 1120) Consequences of missing tax deadlines and the importance...

In this episode of the Dr. Friday Show, Dr. Friday covers a wide range of tax-related topics, from individual tax situations to business tax considerations. She provides valuable insights and advice for listeners looking to navigate the complex world of taxes. Topics covered: Roth conversions and their tax implications Taxation of Social Security benefits Tax considerations for surviving spouses a...

In this episode of “Dr. Friday Radio Show”, Dr. Friday, an enrolled agent licensed by the IRS, offers valuable tax advice and financial counseling to listeners dealing with various tax situations. Topics covered include: Understanding the difference between federal and state tax laws, especially regarding the sale of property and capital gains tax. The importance of timely tax preparat...

In this episode of the Dr. Friday Radio Show, Dr. Friday tackles the latest in tax legislation and offers expert advice on managing your finances in light of new changes. Key highlights include: Overview of the Tax Relief Act of 2024: An introduction to the new tax legislation and its key components. Changes to Child Tax Credit: Detailed explanation of the expanded child tax credit and how it affe...

In this episode of the Dr. Friday Radio Show, Dr. Friday delves into crucial tax updates and financial strategies. From the essentials of tax preparation to navigating new IRS regulations, this episode offers valuable advice for both individuals and businesses. Key highlights include: Preparation for Tax Season: Importance of gathering W-2s and 1099s without rushing the filing process to ensure ac...

In the January 20th episode of the Dr. Friday Tax Show, Dr. Friday, an experienced financial counselor and tax consultant, delves into crucial topics for the 2024 tax season. This episode highlights important updates including: Beneficial Ownership Information Compliance: Urgent for business owners to comply by January 1, 2025, with significant penalties for non-compliance. IRS E-file Opening Dela...

Welcome to the Dr. Friday Radio Show! In this episode, Dr. Friday provides valuable insights into the intricacies of tax preparation and compliance. Key topics include the delay in IRS e-file opening, the crucial Small Entity Compliance Guide, and the urgent need for business owners to understand the Beneficial Ownership Information requirements. Dr. Friday emphasizes the importance of accurate ta...

Welcome to the Dr. Friday Radio Show, January 6th, 2024 edition! In this insightful episode, Dr. Friday, a seasoned tax consultant and financial counselor, navigates through the complexities of the tax season. The show delves into various tax-related topics, including the implications of real estate transactions, capital gains tax, and retirement account distributions. Additionally, Dr. Friday pro...

Welcome to the Dr. Friday Radio Show Christmas Special 2023! Hosted by financial counselor and tax consultant, Dr. Friday, this episode promises a blend of financial insight, lively discussions, and festive giveaways. Joined by special guest Dr. Electric (Joe Macri), the show celebrates the season of giving with its annual Christmas giveaway, a tradition for nearly 15 years. Tune in for a unique m...

Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday delves deep into the complex world of taxes, offering clarity, guidance, and solutions for listeners. Here are some of the topics she addresses: Roth IRA conversions and the best time to undertake them, especially considering the holiday season. Maximizing your 401(k) contributions and the strategic tim...

Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday delves deep into the complex world of taxes, offering clarity, guidance, and solutions for listeners. Here are some of the topics she addresses: Nonprofit Tax Compliance : Understanding the IRS regulations for nonprofits, particularly the importance of filing the 990, 990-EZ forms to maintain nonprofit...

Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday delves deep into the complex world of taxation, offering clarity, guidance, and solutions for listeners. Here are some of the topics she addresses: Year-End Tax Strategies : Dive into the intricacies of 2023 finances, the nuances of business purchases for tax savings, and the critical decisions surround...

Welcome to this episode of the Dr. Friday Radio Show! Join tax expert Dr. Friday as she navigates through: Introduction & Upcoming Tax Season: Dr. Friday’s role as a financial counselor and tax consultant. Preparations for the upcoming tax season, including scheduling, deadlines, and extensions. The significance of tax planning and understanding personal tax situations. Life Events &...

Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday has invited Nathan Wright from https://medi65.com back to the show. Below are several topics discussed in this episode. Medicare overview – Explaining the different parts of Medicare (Part A, B, C, D) and options like Medicare Advantage and Medigap/Medicare Supplement plans. Medicare enrollment &#...

Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday answers callers’ tax questions and covers various topics, including: Introduction and mention of the upcoming tax deadline on October 15th. Discussion on potential tax changes for 2023 and the impact of life events on tax situations. Caller question about capital gains taxes on the sale of co-owne...

Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday answers callers’ tax questions and covers various topics, including: Warning about scams involving fake IRS calls and fraudulent emails. The importance of being cautious with personal information and verifying the validity of payment requests. Retirement planning, including when to start collectin...

Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday answers callers’ tax questions and covers the following topics: Discussion about upcoming business tax deadlines on September 15th Explanation of estimated tax payments and their requirements Advice on making proper estimated tax payments Discussion about penalties for late filing of business tax...