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

For all of you that have 1065, 1120, 1120 S’s. Remember, tax deadline is March 15. That is coming up very, very fast. And if you don’t already have an appointment, you either need to file an extension, or you’re going to need to make sure there’s someone that can prepare those tax forms for you. Those aren’t easy forms and in most cases, that’s where I find the most mistakes is in separate entity type forms. Because sometimes people just aren’t sure exactly what they’re completing. So if you’ve got one of those entities and you need help or a franchise exercise, you need to call our office today at 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 the Dr. Friday Tax and Financial firm. To get more info go to www.drfriday.com. This is a one-minute moment.

And one of the greatest tax breaks as far as I’m concerned for individuals in retirement is the Qualified Charitable Deduction. The IRS is already basically mandating that you have to start taking money out of your IRAs, or your 403 B’s. And that’s one of the things that you’re sitting there going, “Well if I have to do this.” But also I have found a large number of my clients at least give money to charity, so why not give it dollar for dollar go to the custodian say, “Hey, I wanted this money to go here. This might have to go here.” You’re paying it out of your pocket anyway, why not take it out of your pocket tax-free versus paying the taxes and then give it to the charity? This would be a smart way to save taxes.

You can catch the doctor Friday call and show live every Saturday afternoon from two to 3 pm right here on 99.7 WT N

Good day. I’m Dr. Friday, President adopted Friday tax and financial firm. To get more info go to www. Dr. friday.com. This is a one-minute moment.

If you’ve prepared your 2021 taxes and you owe money, you need to take a look and figure out what’s going to be the easiest way. So that way when you get ready to do 2022, you don’t owe money. No one wants to have to pay money in one way or the other, you’re gonna pay it but it’s a lot easier if you can pay it without penalties and interest, which is what you might have if you prepare your taxes and wait till the next year versus having a little money come out of every paycheck. So if you’ve got a side job, maybe you’ve got a real job, and then you do something on the side, have the real job. Start taking a little extra money out of every single paycheck so that way when you do your taxes, you’re not sitting there trying to figure out how to pay him.

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 adopted Friday tax and financial firm. To get more info go to www. Dr. friday.com. This is a one-minute moment.

They did not change the annual amount excludable for gift tax. So again, $15,000 per person. So if you are an individual that wants to try to help your child buy a home, or maybe you’re just trying to maybe give some money so that way, you don’t have to worry about it later in life, then you might want to start thinking about $15,000. If you’re married, your wife can or husband can give 15 to each individual. So if you got three children, each of them can get 15 from each of you. This will be a way for you to help the kids out while you’re still living and you’re not going to have to pay tax when they give that money to them. If you got questions 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 right here on 99.7 WTN.

Good day. I’m Dr. Friday, President abductive Friday tax and financial firm. To get more info go to www. Dr. friday.com. This is a one-minute moment.

We are finding more people are paying more money this year. Part of it is because of multiple jobs. If you start a new job after you’ve already worked and made 20 or 30,000, then you start another one. They’re going to start the tax code all over again. So people are finding they may owe money. Same thing if you have the advanced tax credit on the child tax credit because they’re going to end up having to pay that money if you owe the IRS. Don’t delay. Set up a payment plan at the time that you’re filing your taxes. Don’t wait for the IRS to send you a love letter. Don’t wait for them to contact you. The easiest way is to start making your payments so you don’t owe them as much when the time comes.

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 abductive Friday tax and financial firm. To get more info go to www. Dr. friday.com. This is a one-minute moment.

If you are an individual here and you’re trying to get your tax numbers and you’re filing under a form called a W 7, the IRS has come back and said they have a huge backlog on that. And for individuals that may not have been born in the United States or received a social security number, this is the form that you would file to obtain a social security number for the ability to file taxes. And this is what you’re going to need if you’re trying to get citizenship at some point and that W7 is now being backlogged. So just be prepared. You may have to worry about an extension or filing some additional documentation, but it will come through and then we’ll be able to file your taxes. Call me later.

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 abductive Friday tax and financial firm. To get more info go to www. Dr. friday.com. This is a one-minute moment.

And many of you are coming in and saying, “Should I file my 2021 because I still haven’t received my tax refund from 2020.” The IRS did come back and tell us back actually in late, late November, that they had about 6.8 million 2020 individual tax returns to still do and that was compared to about 7.8 a month earlier. So at this point, they’re making a million a year a month, excuse me, then it’s still going to be a while before. So my suggestion is to file your 2021 we can deal with your 2020 even if you’d haven’t gotten it yet they will be paying interest. If you have money. Coming back to 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.

Charitable contributions. You guys are now in there preparing your taxes, you’re getting ready to hit the send button. Don’t forget that when I talk about charitable contributions, it has to be cash. If you’re going to do above-the-line charitable contributions. That means you’re taking the standard deduction, and then an additional 300 for single or 600 for married. It does not include if you went and gave clothes or you did food or those wonderful things. This only has to do with cash. Make sure that you’re taking the tax law and doing it correctly. The last thing you want to do is get a few dollars now on your tax return and pay later with penalties and interest.

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.

My name is Dr. Friday. I’m an enrolled agent licensed by the Internal Revenue Service to do taxes and representation. I’ve been doing this for 20 plus years. And the one thing about me is I’m a local guy. You can hear a lot of people on the radio and many of them when you talk to him, you’ll find out there in other states, you’ll never get a face to face. And if you’re having IRS issues, you need someone that’s going to be there when you need them, not have to leave a message and hope that you can do a FaceTime with them. If you need help, and you want to have an expert that’s been doing this for quite a few years, you need to call my office at 615-367-0819 or check me out on the web, and you’ll find out a lot more about Dr. Friday.

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.

Many of you may have found when you’re preparing your own tax returns, that there’s a new form also, really, it’s more of an updated form an 8812, Is the credit for qualified children and dependents, it’s going to be a bit longer, and they’re going to ask you a bit more questions and also going to confirm information about who should be claiming this child. So if you’re claiming a child that is not a direct descendant of yours or a child that you’re not legally allowed to claim, you’re going to be asking a lot more questions here that you might find a little bit harder to take a child that’s not yours. Remember, if that child does not live with you for six months and one day by the IRS standards, that child is not your dependent.

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.