Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

My name is Dr. Friday, and I’m an enrolled agent licensed with the Internal Revenue Service to do taxes and representation. It’s all I do. So if you need help with those things, I don’t work for the IRS. I work for you. I help shield you against all the love letters, liens, and levies. It is a team effort, though. I can’t just put a wall between you and say, “Oh, the IRS will never touch you.” It doesn’t work that way. But I am a person that you’ll be able to meet. Sometimes you hear things on the radio, and they’re like, “Call this 800, and we’ll do this if you start paying us $5,000.” We work a little differently. If you want a different approach, call me at 615-367-0819.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

And here’s the scenario. You’re divorced. Your wife has custody of the children most of the time. Maybe it’s even a 50/50 split. But on the divorce papers, it says that she is custodial, and you can only claim the children when she basically every other year it’s supposed to be, but if you haven’t paid child support or if you’re behind, they’re able to claim these children. Keep in mind the IRS doesn’t care what a divorce decree says. It is basically very black and white. If the child has lived with you six months and one day you provide more than 50% of their care, you are going to be able to claim that child depending on their age. If you need help, you can check out drfriday.com.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

Tax law enables eligible people who achieve a better life experience accountability put more money into their ABLE account. So here’s what you have. It’s a tax savings account. Let’s say you are an individual making $30,000 a year, and your employer says hey, we have a 401 K, and you say, “Great, I’m gonna start putting money away inside that account.” Guess what? The IRS will actually credit you, depending on how much you put aside, up to $2,000 credit for saving money when you’re in a lower income. So this is another way of putting more money in your pocket and saving money at the same time. Check us out at drfriday.com.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

Alimony payments, separation agreements, and the money that goes along with them. If this happened after December 31, 2018, we would have a huge change. If you divorced in 2017, your alimony is going to be a tax deduction and taxable to the person receiving it. If you divorced in 2019, January 1st, or after, you are not able to deduct alimony, and the person receiving it does not pick that up as income. This is very important to understand and make sure that you’re putting the money in the right place. I can’t tell you how many times I’ve had to correct it. Go to drfriday.com.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

If you need help with taxes, maybe you’re filing your own, and you’re like, “I don’t know how to do this. I’m confused. Do I need to file married filing separately? Do I need to marry and file jointly? Am I actually even married because my husband and I have lived apart for over a year? What does that mean? How can that help you, and what’s the legal way? What is the IRS say is the proper way of filing that information?” If you need help with those kinds of questions, or you’re not sure which way to go, that’s what we’re here for guys. We’re here to help you. Make sure because you must really file the taxes correctly the first time. If you need help, check us out on the web at drfriday.com.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

We talk a lot about taxes. And one of the things I want to remind you, again, is that there are two types of credit and deduction and what they really mean. So if you have a deduction, it’s going to reduce your income by whatever that deduction is. One of the prime examples is the standard deduction, right? So if you make 50,000 And the standard deduction is 10. You’d get down to 40,000. Then they’re going to charge taxes. Then we have credits like a child tax credit, that is, dollar for dollar you owe the government 5000, you have a child tax credit for 1000, you’re now only going to owe 4000. Review that when you’re doing your taxes if you need help. Check us out on the web at drfriday.com.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

The IRS has put out a tax scam. Don’t be a victim of ghost tax return preparers. That’s right. My opinion is that any preparer that prepares a tax return that does not sign it does not have a PTIN, does not have an address or an EIN number on that tax return, they are not, and yet you’re paying them. Those are not legit tax preparers. Hey, if your brother is preparing your tax return, it’s considered self-employed that’s within the family. But if you’re paying somebody that, in my opinion, is ghosty, meaning they’re preparing it, but they’re not signing it. You need to make sure someone’s going to stand behind that work. Go to drfriday.com. Set up your tax appointment today.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

How many of you may have received a letter in the mail? I love to refer to them as “love letters” because, you know, they totally appreciate us I’m sure. That letter might ask you to prove your identity. Identity theft is a huge issue within the IRS. They are working very hard to try to protect our identities which is not an easy thing when you consider how many times we hear about something being hacked. But they are now sending out large numbers of people to verify your identity. Do not ignore this letter. They will hold up all tax returns, all refunds, and they will not post that tax return, and it can be considered late. Call us if you need help at 615-367-0819.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

And today, March 15th is a big day for business owners, 1065, 1120-S. If you are an individual that files a return on those forms, you need to make sure that you have filed an extension. Today you either have filed a tax return, or you need to have an extension. Otherwise, the penalty is $300 per shareholder per month, up to a maximum number of how many shareholders times 300 times 12. So that can be very, very expensive. And the IRS is not always open to waiving penalties because you fail to file a return. Call us if you need help with this at 615-367-0819.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.

Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

Thinking about maybe, “This year, I’m just not going to file my taxes. I don’t like the way the politics are going. I don’t like the way they’re spending my money.” Keep in mind it is not a choice. filing taxes is not something we can say, “Oh, this year I want to next year I don’t want to.” It is a mandate. So if you have earned more than $600 through self-employment or more than $12,000 on a W2, you are going to most likely need to file a tax return. You might want to be filing it because you will qualify for a possible refund. Otherwise, you don’t want the IRS filing taxes for you. You can check us out at drfriday.com

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm on 99.7 WTN.