Podcast Episodes
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Pay Your Kids, Save on Taxes: Smart Strategy for Family Businesses
In this one-minute moment, Dr. Friday encourages sole proprietors and family partners to formally pay their working children, highlighting potential …
1 year ago
Tax Deduction Alert: Long-Term Care Costs for Parents
In this one-minute moment, Dr. Friday highlights that costs for parents in assisted living or long-term care facilities can often qualify as a signif…
1 year ago
April Fools! Tax Deadline Looms – File or Extend by April 15th
In this one-minute moment, Dr. Friday shares an April Fools’ Day joke about taxes being cancelled before reminding listeners that the April 15th tax …
1 year ago
Maximize Your Mileage Deduction: Track Business Miles Accurately
In this one-minute moment, Dr. Friday emphasizes the need for self-employed individuals to meticulously track business mileage (at 67 cents per mile)…
1 year ago
Estimated Taxes: Why Paying On Time Beats IRS Penalties
In this one-minute moment, Dr. Friday stresses that making estimated tax payments is mandatory to avoid penalties, warning against trying to out-earn…
1 year ago
Owe Taxes? Why Filing On Time Still Matters (Avoid Penalties!)
In this one-minute moment, Dr. Friday advises against delaying tax filing even if you owe money, emphasizing that filing on time prevents additional …
1 year ago
Online Sellers: Prepare for the $600 Tax Reporting Rule in 2025
In this one-minute moment, Dr. Friday discusses the upcoming 2025 change where merchant fee income over $600 will require business tax reporting, urg…
1 year ago
Exploring Trust Options: A Guide to A.B. Trusts, Living Trusts, and More
This episode dives into the various types of trusts available for estate planning. Dr. Friday reviews A.B. trusts, living trusts, insurance trusts, c…
1 year ago
Generation-Skipping Tax Explained: Secure Your Grandchildren’s Future with Trusts
In this episode, Dr. Friday discusses how transferring assets to your grandchildren can trigger generation-skipping tax (GST) and explains why settin…
1 year ago
Life Insurance Taxation: When Proceeds May Be Taxable
Dr. Friday clarifies that while most inherited life insurance proceeds are tax-free, cashing in a whole life policy can result in taxable gains due t…
1 year ago