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 miss the deadline of March 15 for your business tax return, today’s the day you really want to send it. It’s that simple. You’re going to get hit with some severe penalties if you haven’t filed your corporate or partnership tax returns. If you need help making sure that this information is done correctly. It’s not a hard thing. You could check me on the web at drfriday.com. You can pick up the phone at 615-367-0819 or maybe it’s easier to explain your situation by just emailing me and it’s an easy email Friday, which is my first name, [email protected].

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here 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 this is for all individuals to file partnerships. That would be 1065 limited liabilities with multi members, corporations, sub S corporations, not 1120s but all of you would have to file today. Today is the deadline March 15. Or you need to file an extension and if you need help with that there should be someone online today. We’ll help you file that extension at my office. The phone number is 615-367-0819. If you’re one of my clients and you just want to confirm your extensions have been filed again 615-367-0819.

You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here 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 deadlines are important. March 15, the 1120S, 1065. If you have an April 15th, you have 1014, 1120s many nonprofits 990s are due. These are important deadlines because the penalties will go up by 25% if you haven’t filed those taxes on time or an extension. Again, extensions are great, giving you the time to do everything correctly. It does not extend the money you owe. But making sure you know when your taxes are due and how you can extend that deadline could save you 25% in taxes.

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

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

Again, we are in the middle of tax season, it’s busy. And if you don’t have all of your tax documents right now, I’m going to suggest that you think about filing an extension. It’s a little early and remembers, an extension does not extend the amount of money you owe. What it will give you is the time to prepare your taxes correctly. Not just throwing a bunch of numbers on a piece of paper because you’re afraid you’re not going to get them done on time. And that is very important. You don’t want the wrong information going to the IRS. It’s going to take a year or two to fix that information. Better to file an extension, get it right, but maybe send in a little extra money to cover your taxes.

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

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

So, now you have prepared your taxes for 2021 and you owe money. What’s the next step? If you have a real job, this next step is getting a W 4 from your employer or downloading it and preparing it so that you can take out extra money. Maybe you’re claiming you have three children, maybe you truly do have three children, then you might want to go down to two children so you have a little bit more come out. Or you can take the dollar amount that you owe divided by the number of paychecks and have that extra dollar amount come out of your paycheck. Give that W 4 to whoever prepares the checks and that way then you’ve got a head start on the 2022 tax year and maybe you won’t have such bad news when filing taxes.

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

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

You know, a lot of times especially nowadays, it seems like people are looking at all kinds of ways, “Where can I put my money?” So we’ve got people that will go into the cryptocurrency, you’ve got people that go in the stock market, and there seem to be quite a few people that are into the collection of currency, meaning coins that are the collectible coins, gold bar, silver, any kind of precious metals or antiques, because those are places where you can actually grow your money as well. And understand that if you are into precious metals and antiques, the tax code instead of being capital gains is 28%. So make sure your money is working for you.

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

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

I need to try to understand why so many people walk into my office and they seem to be upset because they are not itemizing. Now, let’s regroup here. If you don’t spend 12,550 on property taxes, mortgage interest, and charity, the government’s going to give you $12,550. So to me, it seems like this is a great thing. And if I did give an additional 300 to charity in cash, they’re going to give me that too. So, don’t worry about going into debt just so you can itemize. The best thing is to take the standard deduction and put the money in your pocket.

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

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

You’re off the hook for fines if you pre-pay taxes or have additional withholdings, at least 90% of what your 2021 tax bill was, or 100% of what your 2020 taxes are. So the bottom line is if you want to always avoid maybe you had a big sale in 2021, maybe you had a big situation. Guess what? 2021 seems to be a big year for people to sell real estate which is going to make it interesting because we have to pay at least 100% of this year to eliminate penalties for next year which may be way overpaying your taxes

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

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

Completing your taxes should be on the list of things to do people. It’s not one of those things that’s gonna fix itself. I know life isn’t always easy. And I also understand sometimes people, you know, life gets in the way. But when it comes to tax preparation, sooner or later, you’re going to have to deal with it. It’s not something that’s going to disappear. “Oh, well, if I don’t file it this year, you know what, I’ll just file again next year, or I’ll wait until it’s a good time for me.” The IRS has a plan. It’s that simple. They will eventually file a tax return on you and they’re not going to give you any expenses. No, husband and wife and they’re going to make you pay a lot more money.

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

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

I am a tax expert. I’m an enrolled agent. So when people come in and ask me, “Should I have an IRA or should I have a Roth? How should I invest?” I am not the right person that you’re going to be talking to. All I can do when you’re asking, “Should I convert from a standard IRA to a Roth? Should I put money in a Roth or an IRA?” To tell you how much today you can save or it will cost to do those. If you need to talk to someone about financial planning, don’t make that your tax person. We are really good at instant gratification. Today, I can tell you put money in an IRA you’ll save. If not, you won’t save. That’s what a tax expert does.

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