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.

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.

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.

Let’s talk about crypto, staking ,mining, holding, loaning. There are so many different ways that you can actually make money with crypto and also lose money with crypto and then reporting that on your taxes. Yes, every time you have a transaction going from one type of cryptocurrency to another one type of mining to another holding loaning if you’re loaning guess what the money you’re being paid is interest. It needs to be reported. Don’t try to think you’re going to outsmart the IRS. You know, because in my opinion, I like to sleep really good at night. So if you’re dealing with cryptocurrency, why don’t you give me a call.

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.

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.