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.

What do you do if the W2 or 1099 that you have is incorrect? If it’s your social security number is not correct. Or maybe just your address, or is your name misspelled? What can you do if your employer refuses to correct it? First thing, remember all income earned, no matter if you receive a document or do not receive a document, you must report on a tax return. Second, are there ways of getting W2 Cs and 1099 NEC corrections on your own? If you need help with these kinds of things, 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.

Preparing taxes. It’s that time of the year. You can’t think of anything else. But if you’re a business owner, what you should also be thinking, have you filed your business license renewal that was due or is due by April? You have your annual reports that are due. Also, with 85,000 new revenue officers out, there is your bookkeeping in line. If you are not tracking things properly, if you can’t justify the numbers that you have on your tax return, you might be thinking that we need to start thinking about that. Setting up this is a new year. Let’s start doing things the right way so you don’t lose sleep and worry that the IRS is going to come back. 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 are still trying to deal with 2020/2021 tax issues. I know I have quite a few people that say “Oh, just file an extension.” I’m still dealing with this. And that’s not a problem. Filing extension is great. But remember, filing an extension does not extend the money you owe. It only delays the paperwork. So if you’re thinking that I’m just going to file an extension and imma think about this come October, or in some cases, you’ve filed extensions the last four years and you’ve never really thought about it, you really need to put some thought to it. Easiest thing to do is just book an appointment at drfriday.com. Let us help you get started the right way.

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.

At this point, you’ve received all of your tax documents, most likely, unless you have some investment accounts. Some of those are dribbling still in. But most of you can sit down now and do your taxes. So make sure if you’re doing them yourself, you’re just considering you got everything double check. Make sure you put in all of your interest, your stock, and your dividends, and make sure you’ve got all of your income. If you made a qualified charitable deduction, make sure you back that out before it shows up on 1040 on the proper forms. If you don’t know how to fill out a tax return, you need to call us at 615-367-0819, so we can get you on the calendar and help you out.

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.

Sub S corporations, you need to listen up. If you’re operating under a small business corporation and you are not paying payroll, you are probably going to look at an audit coming very soon, especially considering they have hired up to 85,000 new auditors. That being said, any corporation C corporation or Sub S Corporation, part of the rules it says right under the IRS is there has to be people on payroll and if you are a shareholder that is working for that business, you should be on payroll taking dividends not paying Social Security tax that’s going to bite you later on. If you need help, 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.

As an enrolled agent licensed by the Internal Revenue Service, we deal with tax issues. But we also deal with small businesses; we deal with individual estates. We’ve been doing this for 20-plus years, and it’s something that we’re really good at. So if you’ve got questions, you need help, you need to understand how to get started because maybe you haven’t filed taxes in a number of years. We can help you not only get those taxes filed but help you find the information needed to file those taxes. That’s the hardest thing getting started once we get you rolling normally. It’s not a problem. If you want to book an appointment. The easiest way to do that is to go to www.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’ve got questions about taxes, maybe you’re trying to figure out if you sell a rental property, how much will you pay in capital gains, and do not forget the recapture of capital gains that you have to pay at ordinary income tax rates. If you have questions on that, this is the time you need to be planning. While you’re doing your taxes, you also need to look at 2023 to see what could happen. Is there a way I could maximize it? Should I be doing 1031s? Is there a way of avoiding taxes or reducing taxes? And when you’re doing your taxes with us, we’ll help you. You can set up an appointment 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.

Did you know there are two ways to help your kids or grandkids? With their college education, they pay tuition directly to the school. The payment is nontaxable to the student and doesn’t count against the $16,000 gift exclusion. It does reduce your estate tax. But come on, people, those taxes are massively large for most of us; you got over $12 million dollars. This might be a great way to help your grandson or your child finish school without student loans, and we all know how bad those can be. If you need help with this or other questions, why don’t you 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.

Charitable deductions. First, the simple answer is if you paid cash for $300 as a single person is paid cash for $600 for a married couple, we have above-the-line standard deductions. What’s better than that? If you are over the age of 70, taking required minimum distributions, guess what? Then you can take what’s called a QCD-qualified charitable deduction. It comes dollar for dollar off the top of your distribution. This is awesome for people that are taking RMDs. If you don’t know what I’m talking about, you need to talk to your financial person today. You can call us 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.

Opportunity zones. Opportunity zones are economic development tools that can be designed for you to spur more development in lower or rural areas. If you are an investor or you are someone that is looking to put some money that you might want to set aside and then pay no taxes, after five years, you might want to talk to your financial planner or actually just look up opportunity zones. There are investment funds that specialize in this and this is a great way for you to actually take money, not pay taxes today and also possibly in the future. If you’ve got questions, you can call us 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.