Podcasts about wtn

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Best podcasts about wtn

Latest podcast episodes about wtn

Dr. Friday Tax Tips
New Child Savings Account with Federal Match

Dr. Friday Tax Tips

Play Episode Listen Later Nov 7, 2025 1:00


Dr. Friday explains a new tax-advantaged savings program that helps parents build retirement savings for children born between 2024 and 2029. Transcript G’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. The OBB created a new tax-advantaged savings account. This is kind of interesting—many people may not have heard of it. This is accounting for young children. Up to $5,000 can be contributed to an account each year. The federal government will automatically put $1,000 for each child born after 2024 through 2029. Contributions are not tax deductible, but the fact is you’re starting to save for their retirement. We all know Social Security is a little questionable. Your little ones may need it extra and get $1,000 a year from the government to put into that account. 615-365-2500. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
529 Plan Expansion: Use Up to $20K for K–12

Dr. Friday Tax Tips

Play Episode Listen Later Nov 6, 2025 1:00


Big changes for education savings! Dr. Friday explains how families can now use more 529 funds tax-free for K–12 education starting in 2026. Transcript G’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. 529 plan—it's a wonderful plan. It's a great way for family to help others put their kids through kindergarten or first grade, second. Now it goes through K to 12, right? Normally, we could only take out $10,000. But now starting in 2026, you can use $20,000 per year tax-free for K–12. This is wonderful. This is a great way for people to get tax-free withholding and use it to pay for college as well, which is where it used to start out. So now you can use it all the way from kindergarten through college. Great way to help fund this thing. 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Adoption Credit Expanded and Refundable

Dr. Friday Tax Tips

Play Episode Listen Later Nov 5, 2025 1:00


Adopting a child? Dr. Friday shares good news about the updated adoption credit—now refundable and easier to claim starting in 2025. Transcript G’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. There has been some helpful easing of the adoption credit. First, I'd like to thank anyone that's ever adopted a child. I think that's an awesome thing to do, and to be able to get some financial help from your taxes—another financial wonder. So beginning in 2025, up to a $5,000 credit, adjusted for inflation, is refundable when you’re dealing with an adoption. Sometimes we didn't have that, right? Sometimes you could take off your expenses, you got reimbursed for them, it would roll over. This is pretty straightforward, and this way you get a little extra money to help put in your pockets and raise those perfect little babies. 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN

Dr. Friday Tax Tips
New Limits for Gambling Loss Deductions

Dr. Friday Tax Tips

Play Episode Listen Later Nov 4, 2025 1:00


Starting in 2026, gamblers won't be able to deduct all their losses. Dr. Friday breaks down what's changing and who it affects. Transcript G’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. Bad news for gamblers. Starting in 2026, they can deduct only ninety percent of the losses against their taxable winnings. Right now, gamblers can report total winnings on Schedule 1 of the 1040 and deduct losses on Schedule A up to the amount of their winnings. So this is going to mean a higher tax for many people that are actually going to win—I don't know, the Super Bowl or whatever you might gamble on. Just one of those things. So be sure that you’re tracking that information. A lot of times, the casinos will do a pretty good job of providing us the proper forms, but it is your responsibility to turn that in. If you have any questions, just check me out on the web. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Tax Deadline Day: Final Call for 2024 Filings

Dr. Friday Tax Tips

Play Episode Listen Later Nov 3, 2025 1:00


It's the big day! Dr. Friday reminds everyone that today is the final deadline for 2024 taxes and any remaining payments, including estimates. Transcript G’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 today is D-Day for taxes of 2024. This was our final time. You need to be sending in any payments that you owed for first, second, and third quarter of 2025—those estimates are due today. Whatever balance you may have had for 2024, those balances are due today. Otherwise, you’re looking at quite a bit more penalties, interest, and even for those that may have extended 941 payments or any other payments that were delayed, everything is due today, guys. So now is the time. Hit the button, file your taxes. 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN

Dr. Friday Tax Tips
Halloween and Your Tax Deadline Reminder

Dr. Friday Tax Tips

Play Episode Listen Later Oct 31, 2025 1:00


Dr. Friday shares her love for Halloween while reminding everyone that November 3 is the final deadline for 2024 tax filings. Don't miss it. Transcript G'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 happy Halloween. I happen to be one of those people that love Halloween. Not only because I'm in a profession, which is very scary, but also because let's be honest. Where else can you run around in a costume and scare people and be allowed to do that? Normally you can't. And get out free candy. I mean both of those are win-win situations. But if you're thinking about doing your taxes on this day, I would say probably wait till Monday—just because you know you don't want to jinx anything. But if you haven't filed your 2024 taxes, you only have a few days left. November 3 will be the deadline. And don't be scared, that would be the time. If you wait till November 4, you've got huge penalties—failure to file, failure to pay, and all other failures that will happen. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
IRS Myths vs. Reality: What They Can and Can't Do

Dr. Friday Tax Tips

Play Episode Listen Later Oct 30, 2025 1:00


Dr. Friday clears up myths about the IRS, from levies to collections, and explains how her firm helps clients deal with these challenges. Transcript G'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. I am Dr. Friday, an enrolled agent licensed with the Internal Revenue Service to do taxes and representation. I've been doing this for over 30 years here in the Brentwood area. And if you have questions—maybe you haven't filed taxes, maybe you have a friend that just keeps getting these love letters, they're concerned they're gonna lose their house, they could take my car, they can whatever. There's a lot of myths out there about what the IRS can do, but there's also a lot of things the IRS can do. I had an employee that came in the other day, and a friend of theirs was getting their paycheck levied. It's not something we can't help with. In fact, it's something we do every day. So if you're having these kinds of problems, why don't you just give us a call and set up an appointment? 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
New Tax Credit for School Choice Donations (2027)

Dr. Friday Tax Tips

Play Episode Listen Later Oct 29, 2025 1:00


Starting in 2027, a new tax credit will reward donations to scholarship organizations. Dr. Friday explains how it works and who benefits. Transcript G'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. GOP lawmakers get their wish to expand school choice for K through 12 students. There's a new income tax credit for donating to scholarship organizations, giving a non-refundable federal tax credit up to $1,700 to individuals who donate cash to qualified organizations providing scholarships to K–12 students. Additionally, scholarship recipients won't be taxed on the funds. Note this is a credit, and a portion of it will be refundable. This is going to begin in 2027, so start thinking—how can you start helping the scholarships? 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Life Changes That Affect Your Taxes

Dr. Friday Tax Tips

Play Episode Listen Later Oct 28, 2025 1:00


Marriage, divorce, a new baby, or a new house? Dr. Friday explains how major life events can change your tax return and why planning matters. Transcript G'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. We're always talking about taxes because that's what I do, but also organizing your taxes. Again, we are between two years where if you haven't filed your 2024, you still have time, and if you're getting prepared to file your 2025. So it's time to think—is there any kind of tax planning I should be looking at? Is there anything that's happened new this year? I got married. I got divorced. I had a baby. I purchased a house. Is any of this going to have an effect on your tax return? If so, are you prepared to know? Because sometimes if you've gotten divorced in a year that you are claiming married on your W-2, many times you're going to owe more money. So if you've got questions, just check us out on the web, drfriday.com. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Auto Loan Interest Deductions: What Qualifies?

Dr. Friday Tax Tips

Play Episode Listen Later Oct 27, 2025 1:00


Thinking about buying a new vehicle? Dr. Friday explains the new rules for deducting auto loan interest and who qualifies based on income. Transcript G'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. Auto loans can deduct up to ten thousand dollars of interest, but there's always a but—it has to be new. It has to be a new car, minivan, SUV, pickup truck, or motorcycle after the year of 2024. And you need to have, again, limitations to income: $100,000 for individuals and $200,000 if filing joint. If your income is above that, you will not be able to qualify. If it's under, you might be able to qualify. So maybe this is a good time to think—do I need a car now or within the next few months? Because if you don't buy at the right time and the right car, you may not be able to deduct this interest, which normally we can't. Check me out, drfriday.com. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Overtime Deduction Rules for 2025

Dr. Friday Tax Tips

Play Episode Listen Later Oct 24, 2025 1:00


Overtime income may be deductible under the new law. Dr. Friday explains the limits, eligibility, and key reporting rules. Transcript G'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. One of the other things we're looking at is the $12,500 of overtime pay that is deductible. Again, this can only be what's on the time and the half—the half that's above. They're not taking and including that in the $12,500. If you're married and you both get overtime, $25,000. Again, you cannot exceed $150,000 if you're single, $300,000 if you're married. If you are self-employed, you'd have to have a W-2. I had someone ask me that earlier, and I'm like, that's not gonna happen. You do have to make sure you're following all the proper technologies that they're allowing for us to deduct and calculate this. If you've got questions, just give my firm a call. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
New Senior Deduction and Tip Rules Explained

Dr. Friday Tax Tips

Play Episode Listen Later Oct 23, 2025 1:00


Dr. Friday highlights two new rules: an added deduction for seniors and new reporting requirements for qualified tips. Transcript G'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. There are a few things we want to go over. First, there's a new senior deduction. I keep talking about it, but I want everyone to understand that's $6,000 per person that's 65 and older, deduction part of your standard deduction. Second would be up to $25,000. Qualified tips are deductible. Again, this has to be reportable. Your AGI cannot exceed over $300,000 if married, $150,000 if single. And it has to be something that has been reported on your income tax. It's not something you can just say, “Oh yeah, I'm sure I collected $25,000.” It's not gonna fly. Questions? 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
State and Local Tax Deduction Expanded (2025–2029)

Dr. Friday Tax Tips

Play Episode Listen Later Oct 22, 2025 1:00


From 2025 through 2029, taxpayers can deduct more state and local taxes. Dr. Friday explains how this expansion could benefit you. Transcript G'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 a moment that I'm very excited about. 2025 through 2029, many of you know we had SALT that is on the Schedule A, where we were deducting our sales tax and our property taxes, and there was a limitation of $10,000. People from other states like California and New York, where their income tax was more than that, had a cap of $10,000. Now starting in 2025, we're gonna have $40,000 available there. So more opportunities to be able to itemize fully your state withholding along with your property taxes for any state that you have. You can call us 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Estate and Gift Tax Limit Raised Permanently

Dr. Friday Tax Tips

Play Episode Listen Later Oct 21, 2025 1:00


Worried about estate and gift taxes? Dr. Friday shares the good news: the lifetime exemption is now larger and permanent starting in 2026. Transcript G'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. The higher lifetime estate and gift extension is now permanent and bigger. I don't know about a lot of you, but we were concerned when they started saying that it was going to be like a million or two million dollars, which I know sounds like a lot, but when you're talking a lifetime, it isn't as much. But it's going to be $15 million starting in 2026, up from about $13.9 million that we had in 2025. And if you exceed that—if you're fortunate enough to have an estate larger than that—then you will be paying a 40% gift tax on anything above that. But for most of us, let's be honest, lifetime or not, we'll have no worries. If you got questions, all you have to do is call us 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Child Tax Credit Increased for 2025

Dr. Friday Tax Tips

Play Episode Listen Later Oct 20, 2025 1:00


Dr. Friday explains the updated child tax credit for 2025, including how much you can claim, who qualifies, and what's refundable. Transcript G'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. The child tax credit will be up to $2,200. That's up from $2,000 that we had at the beginning of 2024 or in 2024. The refundable portion for people with lower income would be about $1,700 per child. The child does have to have a Social Security number. It cannot be a non-resident, it has to be a U.S. citizen. So if that helps you, I hope you're going to be able to do that. I hope it does, because anytime we can put more money in our pocket, that's what we want you to do. We want you to understand that that's the way you're going to keep your taxes in the right place. If you need help just doing your taxes, 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
S Corp vs. C Corp: Which is Right for Your Business?

Dr. Friday Tax Tips

Play Episode Listen Later Oct 17, 2025 1:00


Is an S corporation or a C corporation better for your business? Dr. Friday explains the pros, cons, and tax implications of each. Transcript G'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. I had a conversation the other day with a client about keeping his business either as a sub-S corporation, which is a pass-through, or a C corporation. Because the top rate for an individual could be 37% and a corporation is 21%. Sounds great. But then when you take money out of that corporation, you're still paying tax on the profits if you're getting a distribution. So you need to sit down and really do the math. Either you're gonna be drawing out all the money through payroll, which again you're gonna have to pay the tax rate on that at 37% if your income's that high, or you're gonna have to figure out if there's a better way of doing the distributions. Call us 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Qualified Charitable Distributions: Give More, Pay Less Tax

Dr. Friday Tax Tips

Play Episode Listen Later Oct 16, 2025 1:00


Still donating from after-tax dollars? Dr. Friday explains how a Qualified Charitable Distribution (QCD) can save you money while supporting your favorite causes. Transcript G'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. Qualified charitable deductions. I still don't think enough people understand those. Now, given that they keep changing the dates when people have to take the required minimum distributions, but in many cases, people pay money out of their pocket every month to their charity or their church, and that's after-tax dollars. Whereas if you are receiving qualified required minimum distributions, you can then take that money, have it directly sent to your charity, and pay zero tax. Called a QCD. You need to know more about this? Talk to us at 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Social Security and the $6,000 Deduction Myth

Dr. Friday Tax Tips

Play Episode Listen Later Oct 15, 2025 1:00


There's a lot of confusion about the new $6,000 deduction for seniors. Dr. Friday clears up the difference between a deduction and a credit. Transcript G'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. I'm gonna talk a lot about the OBBB, because especially for seniors, Social Security, there's a lot of myths and things going on out there that you're gonna get $6,000 if you have Social Security. It's not going to be the same thing. This is a deduction, right? Deductions mean we get to reduce our income. Credits mean we get to put the money in our pocket dollar for dollar. So if we have a $6,000 deduction that you'll be able to add if you have taxable Social Security and your income source is trackable, that's great. But you're not going to be $6,000 in your pocket. That is not a refundable credit. If you got more questions, call us 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Mileage Deductions: What Counts and What Doesn't

Dr. Friday Tax Tips

Play Episode Listen Later Oct 14, 2025 1:00


Driving for work? Dr. Friday explains the rules for mileage deductions, who qualifies, and what trips don't count toward your tax write-offs. Transcript G'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. For all of my people that drive their car for making money—meaning your Ubers, or if you're a real estate individual and you're tracking your miles—this is a perfect time. We get 70 cents a mile for true business miles. Now that does not include commuting. So if you're at home and you're going to your office and then you're coming back home, even if you have a home office, in some cases you cannot deduct two offices. If you're working from home for your own purpose, that's not gonna be a deduction. If you're doing it because the boss says, “Hey, we don't have room in the office, you work from home,” then that home office may qualify as long as you're on a 1099. You have any more questions, just give our office a call. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Think Ahead: Tax Planning for 2024 and 2025

Dr. Friday Tax Tips

Play Episode Listen Later Oct 10, 2025 1:00


Dr. Friday reminds us not to wait until the last minute. With 2024 filings still open and 2025 nearly done, now is the time to plan. Transcript G'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. When we're talking about taxes and we're looking at 2024 tax filings still on the table, as well as the tax year of 2025, which we're only a few months from the end of, we need to be thinking both years. Even if you're delaying your preparation or filing—physically hitting the button to do your 2024—you've only got a few more months to make changes. So if you're thinking Roth conversions, you're thinking about contributing money to your 401k, that has to be done through paychecks if you're an employee. These are the kinds of times now. Tax planning is what you should be doing for 2025. Otherwise you may miss that window. 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Energy Tax Credits Expire in 2025 — Don't Miss Out

Dr. Friday Tax Tips

Play Episode Listen Later Oct 9, 2025 1:00


In this One-Minute Moment, Dr. Friday explains how many energy-related tax credits are set to expire at the end of 2025 and what that means for homeowners. Transcript G'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. Under the OBBB, the One Big Beautiful Bill, credits and deductions are going to be expiring for energy credits. So if you have a clean energy credit that you would normally get for putting something in your house, most of those are all expiring by December 31st, 2025. So if there is something you want to get—if you're looking for a new AC unit or something like that—and we have the credit, it's gonna expire now as of December 31st, 2025. This may be something you do not want to delay into 2026 and still put money in your pocket. Questions? 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
New Deduction for Seniors on Social Security

Dr. Friday Tax Tips

Play Episode Listen Later Oct 8, 2025 1:00


Good news for seniors: Dr. Friday explains a new deduction for people 65+ on Social Security and how it can reduce your taxable income. Transcript G'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. Under the One Big Beautiful Bill, you have one thing that's going to help people that are over the age of 65 and receiving Social Security. People are a little confused. What's this $6,000? What's this $12,000? So it's going to be added to your standard deduction. So if you're 65 and you have a certain dollar amount, your standard deduction, and you have Social Security, you make less than $75,000 as an individual, less than $150,000 as a married couple, you will qualify. If you're both on Social Security, up to an additional $12,000 as a deduction. It is not additional money in your pocket per se, but it will reduce your taxes. Got questions? Just call my office. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN .

Dr. Friday Tax Tips
Overtime Pay: What's Really Tax-Free Under the New Law

Dr. Friday Tax Tips

Play Episode Listen Later Oct 7, 2025 1:00


From 2025–2028, part of your overtime pay won't be taxed. Dr. Friday explains exactly what qualifies and how much you can save. Transcript G'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. New tax, new laws, new year. From 2025 through 2028, no tax on overtime. So this is a little more complicated than what a lot of people thought. They were thinking every dollar I make in overtime, I'm not going to pay tax on. It is only the halftime or the part that is truly overtime that we're going to be able to get credit for, up to $25,000. And it has to be on your tax W-2. It cannot just be a number you put together. It has to be reported to the IRS. You know, if you want to know more, you need to give our office a call. Set up an appointment or call us at 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Haven't Filed Taxes in Years? Here's Your Next Step

Dr. Friday Tax Tips

Play Episode Listen Later Oct 6, 2025 1:00


Behind on taxes or getting “love letters” from the IRS? Dr. Friday explains how she helps clients find a path forward and reduce stress. Transcript G'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. I'm an enrolled agent licensed by the Internal Revenue Service to do taxes and representation. I've been doing this for over 30 years. If you've got questions, maybe you haven't filed taxes for a number of years, maybe you're just behind or you're getting love letters and you're like, I'm just putting them in a drawer. I don't know what to do. I'm afraid if I do something and they're gonna trigger and come back at me. I'm unsure. Well, let me tell you something. If you want to have help, all you need to do is come to me. I can give you a path of how we can get the IRS straight with you, and that way you can move forward—maybe with a little less stress. Call me at 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN .

Dr. Friday Tax Tips
Deadline Alert: 2024 Tax Filing Extended to November 3

Dr. Friday Tax Tips

Play Episode Listen Later Oct 3, 2025 1:00


Don't miss this year's unusual tax deadline. Dr. Friday shares why the final 2024 tax filing date is November 3 instead of October 15. Transcript G'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. We are in the middle of still filing for 2024 and preparing for 2025 taxes. With the One Big Beautiful Bill, there's gonna be a lot of changes for 25. But don't forget we have only until November 3 to file for 2024. I know some of you are scrambling and you're saying, wait, it's October 15th. Normally it will be, usually it is, but this year, final payment, final filing, November 3rd. So we have time to get everything done and paid without almost any penalty. If you've got questions, just call me. 367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
New Tax Deduction for Vehicle Loans (2025–2028)

Dr. Friday Tax Tips

Play Episode Listen Later Oct 2, 2025 1:00


In this One-Minute Moment, Dr. Friday explains a new temporary deduction for vehicle loan interest. Learn which purchases qualify and what doesn't. Transcript G'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. We have a new tax deduction effective 2025 through 2028. Individuals may deduct interest paid on loans used to purchase a qualified vehicle. This is not part of your itemizing. The tricky part is it is what is a qualified vehicle. It has to be assembled here in the United States. Lease payments do not qualify. This must be a new purchase. It has to be a minimum purchase of $10,000. If you've got more questions or you just have to, you know, want to get to know me, 615-367-0819. You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
No Tax on Tips? Here's What It Really Means

Dr. Friday Tax Tips

Play Episode Listen Later Oct 1, 2025 1:00


In this One-Minute Moment, Dr. Friday explains the new “One Big Beautiful Bill” (OBBBA) provision that removes taxes on certain tips. She breaks down what qualifies, how it's reported, and what you need to know so you don't miss the details. Transcript G'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. The OBBBA is in effect, which means the one big beautiful bill is going to be what we'll be a lot, a lot of talking about. So one of the big things, no tax on tips. What does that really mean? In very short time, I'm gonna tell you it's basically based on a specific statement, qualified tips, which means voluntary cash or charge tips that you receive. It has to be put on either a 4137 or on your W-2. It can't be part of your normal ordinary income. If you've got more questions, you know the number 615-367-0819. You can catch the Dr. Friday Call-in-Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Investor Coaching Show – Paul Winkler, Inc
How To Invest During a Trump Presidency With Chris Hand

Investor Coaching Show – Paul Winkler, Inc

Play Episode Listen Later Aug 14, 2025 18:06


Today, Paul jumps onto Chris Hand's show on WTN to talk about an executive order signed by President Trump that allows crypto, private equities, and other alternative assets to be added to your 401(k) plan by your employer. Historically, 401(k) plans have often offered funds that lack diversification and employ market timing, which adds a whole new level of risk. Listen along as Paul and Chris talk about how to invest during a Trump presidency.    Want to cut through the myths about retirement income and learn evidence-based strategies backed by over a century of data? Download our free Retirement Income Guide now at paulwinkler.com/relax and take the stress out of planning your retirement.

ParentingAces - The Junior Tennis and College Tennis Podcast
Tennis is Getting Intennse ft JY Aubone

ParentingAces - The Junior Tennis and College Tennis Podcast

Play Episode Listen Later Jun 25, 2025 29:45


Welcome to Season 14 Episode 23 of the ParentingAces Podcast! This week's episode with JY Aubone was shot live at the brand new Intennse Arena in Atlanta right before opening weekend of this exciting new way to play tennis.JY is working with Intennse to help manage the players as well as to do the live broadcasting via Twitch. In this week's episode, he explains how Intennse works, how it fits into a junior player's overall developmental pathway, and the opportunities it holds for recently graduated college players.I had the opportunity to watch Intennse live during its opening weekend, both the qualies matches for a spot on the Challenge team as well as the pro and junior matches. What a blast! This is tennis like you've never seen before: played on a clock, one serve, co-ed teams with coaching and substitutions, with teams playing singles, doubles, and mixed doubles. If you missed my Instagram posts over the weekend, you can find them at https://instagram.com/ParentingAces.To be clear, Intennse is NOT looking to replace traditional tennis or tennis tournaments. Rather, it is acting as a bridge for junior players who want to play college tennis so they can gain experience playing on a team and under pressure as well as for those players looking to play professionally but aren't quite ready - either developmentally or financially - to start a pro career. On the junior side, Intennse matches do count for UTR and WTN and, if a junior player wants to play qualies for a spot on that week's Challenger team, they have the opportunity to earn in excess of $1500 if their Challenger team beats the pro team that week. On the pro side, players receive a guaranteed salary plus prize money if their team wins a match. Intennse is allowing players to better manage their travel and competition schedule while receiving salary and benefits, a far cry from the current ATP/WTA tours.For more information on Intennse, visit the website at https://www.intennse.com/home and be sure to follow them on Instagram at https://www.instagram.com/intennsetennis, TikTok at https://www.tiktok.com/@intennsetennis, and Facebook at https://www.facebook.com/profile.php?id=61566418503744.You can always reach out to JY directly via email at jy@forthesport.com.As always, I am available for one-to-one consults to work with you as you find your way through the college recruiting process. You can purchase and book online through our website at ⁠⁠⁠⁠https://parentingaces.com/shop/category/consult-with-lisa-stone/⁠⁠⁠⁠.If you're so inclined, please share this – and all our episodes! – with your fellow tennis players, parents, and coaches. You can subscribe to the podcast on Apple Podcasts or via your favorite podcast app. Please be sure to check out our logo'd merch as well as our a la carte personal consultations in our online shop.CREDITSIntro & Outro Music: Morgan Stone aka STØNEAudio & Video Editing: Lisa Stone

Dr. Friday Tax Tips
Tax Day Last-Minute Advice: File Extension NOW!

Dr. Friday Tax Tips

Play Episode Listen Later Apr 15, 2025 0:59


In this one-minute moment, on Tax Day itself (April 15th), Dr. Friday gives last-minute advice: file an extension immediately and make a payment if you haven’t filed. Transcript: G’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. Today, April the 15th, is Tax Day, which means I’m pulling my hair out. It’s going crazy. And you, if you haven’t already filed, think ‘extension’. You can go to IRS.gov, and you will find extensions available to be e-filed there. You can call our office at 615-367-0819. We will do our best to assist you in filing an extension. It is vital to at least have that done. If you haven’t filed taxes for a number of years or if you’re just waiting for one document, any of those things, now’s the time: think extension. Also, make a payment today, even if you don’t know how much you owe. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Tax Deadline Approaching? File an Extension & Pay What You Can!

Dr. Friday Tax Tips

Play Episode Listen Later Apr 14, 2025 0:59


In this one-minute moment, with the tax deadline looming (April 15th), Dr. Friday advises on filing an extension and making a payment to avoid penalties. Transcript: G’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 it’s April the 14th, which means we have less than 24 hours to file your taxes. If you haven’t actually finished your taxes, you’re pondering, you’re delaying, again, make sure you have filed an extension. It will eliminate one of the penalties: the failure-to-file penalty. And then if you have the money, but you just haven’t had the ability to finish the taxes, make a payment. Go ahead and send it. Go to IRS.gov. Click on the little button that says ‘Pay’. You can do ACH or credit card. They do charge you a 3% or 2.5% or 2.5% fee. But make the payment. That way, then, all you’re having to do is the documentation. You need help? 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Need to File Back Taxes? Get Help Before FAFSA or Marriage!

Dr. Friday Tax Tips

Play Episode Listen Later Apr 11, 2025 0:59


In this one-minute moment, as the tax season deadline approaches, Dr. Friday addresses common reasons people need to file past-due tax returns, like FAFSA requirements or marriage. Transcript: G’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. I’m Dr. Friday with Dr. Friday Tax and Financial Firm. We are almost at the end of the 2024 tax season. And if you haven’t filed your taxes, or maybe you haven’t filed for a number of years, and you’re sitting there going, “I have a child that’s getting ready to go to college and they need FAFSA,” or “I’m just wanting to get married, and I don’t want to bring my tax issues into my relationship.” These are things we can help you with. We can fix you. We can fix the situation that will fix that situation. So if you need help, give us a call 615-367-0819. Or just check us out on the web at drfriday.com or email me at friday@drfriday.com. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
IRS Identity Protection PIN: Why You Need It for E-Filing

Dr. Friday Tax Tips

Play Episode Listen Later Apr 10, 2025 0:59


In this one-minute moment, Dr. Friday discusses the IRS Personal Identification Number (PIN) required for e-filing if you’ve opted for identity protection or been flagged. Transcript: G’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. Personal PIN number: The IRS will give it to you because you’ve either been thought of as having identity theft or you’ve opted in because you’re trying to protect your identity. Nothing wrong with that. But so far, we have about six people that have not provided that number, and so we cannot e-file, which means we cannot file tax returns for those individuals. We don’t have any way of getting it. The IRS will only give it to you. So, my suggestion would be: sign up for IRS.me and get that information if you haven’t already received it in the mail. Again, it’s your personal PIN number – it’s six digits. Call us if you need help, 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Adjust Your W-4: Avoid Tax Surprises & Keep Your Money

Dr. Friday Tax Tips

Play Episode Listen Later Apr 9, 2025 0:59


In this one-minute moment, Dr. Friday emphasizes the importance of reviewing and adjusting your W-4 form to ensure correct tax withholding throughout the year. Transcript: G’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. I keep pushing: Make sure you’re looking at your W-4. That is what we use when we’re preparing payroll. So, if you have a balance due in 2024 because you didn’t have enough money come out, then let’s adjust it for ’25. It’s a lot easier to pay 50, 100, 150 per paycheck than thousands of dollars the next year, and sometimes interest and penalties. It’s not worth it. Sit down and take a look. If you had a big refund, the same conversation: make an adjustment. Let’s not give a loan to the IRS. As long as you don’t have to make any payments or you don’t owe any penalties, keep the money in your pocket. 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Starting a New Business? Essential Steps for Success & Protection

Dr. Friday Tax Tips

Play Episode Listen Later Apr 8, 2025 0:59


In this one-minute moment, Dr. Friday encourages aspiring entrepreneurs starting businesses in 2025 but stresses the importance of consulting with legal, tax, and financial professionals for proper setup, asset protection, and succession planning. Transcript: G’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. Starting a new business in 2025? I think it’s an awesome idea. I love entrepreneurs. It amazes me sometimes on the things people come up with and create to make a new business. But let’s make sure that you’ve also consulted with a good attorney, a good tax person, maybe even your financial planner, making sure that it is set up in a way to protect your assets. So if something does go wrong, you don’t lose things you didn’t want to lose. And also make sure that you have succession planning. For all those that have built very good businesses, without that, sometimes things can go awry for the people that you love. So, if you need help with any of it, give us a call: 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Tax Extension Reminder: It Extends Filing, Not Payment Deadline!

Dr. Friday Tax Tips

Play Episode Listen Later Apr 7, 2025 0:59


In this one-minute moment, Dr. Friday issues a crucial reminder as tax day approaches: filing an extension gives you more time to file your return, but not more time to pay taxes owed. Pay by April 15th to avoid penalties. Transcript: G’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 tax day is just around the corner. If you have not filed your taxes, you do not have a tax appointment… Now, when you file an extension, please listen carefully: it does not extend the money you owe. So, if your tax person says, ‘Hey, we’re going to file an extension. It’s going to make it much better. It’s a lot easier’—from our standpoint, sometimes it’s a great idea. But if you know you’re going to owe $15,000 or $20,000, pay that now. Pay it before April 15th. Otherwise, you’re looking at penalties and interest, which cost a lot. 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Self-Employed Tax Deductions: Can You Write Off Your Jeans?

Dr. Friday Tax Tips

Play Episode Listen Later Apr 4, 2025 0:59


In this one-minute moment, Dr. Friday clarifies that everyday clothing worn for work (like jeans or casual shoes) is generally not tax-deductible unless it functions specifically as a uniform, possibly bearing a company logo. Transcript: G’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. Self-employed individuals: sometimes I think you guys sit around and think about what ridiculous tax deduction can I write off. ‘My blue jeans are a tax deduction because I wear them for work.’ ‘I have really nice Uggs that I wear every day to work, so those are going to be a tax deduction.’ Keep in mind, people, anything that can be worn on the streets—which is a lot, if you think about it—is not a tax deduction; it is not a uniform; it is not an outfit. What you do have is if you have your logo on something, then you may be able to consider that maybe a uniform. You need help? You need to call us: 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Pay Your Kids, Save on Taxes: Smart Strategy for Family Businesses

Dr. Friday Tax Tips

Play Episode Listen Later Apr 3, 2025 0:59


In this one-minute moment, Dr. Friday encourages sole proprietors and family partners to formally pay their working children, highlighting potential tax advantages like tax-free income up to the standard deduction and IRA contributions. Transcript: G’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 I am shocked when I see where parents have children—they’re 15, 16, 17 years old—working for them because they’re sole proprietors or their family-held partners, and they’re not paying them. They basically don’t; the kids come in, they do the work, they’re working on the website, they’re doing the bookkeeping, they’re helping answer phones, but they’re not paying them. You can pay a child $13,000 a year and pay zero tax because the standard deduction is zero [for them on that income, assuming no other income]. Put another seven or eight [thousand], depending on their age, into an IRA, and you can save that too. Teach them how to work and to be paid. It’s going to give them a better start in life. You need help? 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Tax Deduction Alert: Long-Term Care Costs for Parents

Dr. Friday Tax Tips

Play Episode Listen Later Apr 2, 2025 0:59


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 significant medical expense deduction, necessitating itemization. Transcript: G’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 it’s for all those adults that maybe have parents that are in long-term care situations. One of the things I have noticed this year is that many people are missing the whole point that in long-term care, when a parent has to be in assisted living, that is considered a medical deduction. Many times, people are having to take quite a bit of money—$7,000, $9,000 a month—to keep their parents in those facilities. A large chunk of that could be considered a medical expense, so therefore, itemizing is a must. So, if you need help understanding how that could be a way of putting more money in your parents’ pocket, give us a call: 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
April Fools! Tax Deadline Looms – File or Extend by April 15th

Dr. Friday Tax Tips

Play Episode Listen Later Apr 1, 2025 0:59


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 deadline is real and requires action: either filing or getting an extension. Transcript: G’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 I’ve got something hot off the lines. They have passed the law that says no one has to file taxes this year. That’s right, no one. And I also have a bridge in Arizona for sale and a few other things—if you really want to believe that. April Fools! That’s right. I am just teasing. I don’t want anyone to come back and say, ‘Hey, Dr. Friday says I don’t need to file taxes.’ That is a joke, but today is April Fools’ Day. But in reality, you only have a few more days left before tax day, April 15th. So, make sure that you have either filed an extension or filed your taxes. And if you have questions or need help, give us a call: 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Maximize Your Mileage Deduction: Track Business Miles Accurately

Dr. Friday Tax Tips

Play Episode Listen Later Mar 31, 2025 1:00


In this one-minute moment, Dr. Friday emphasizes the need for self-employed individuals to meticulously track business mileage (at 67 cents per mile) using logs or apps and document trip purposes to withstand IRS scrutiny. Transcript: G’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 a self-employed individual and you use your vehicle for work, remember: 67 cents per mile. That’s only good if you’re tracking the miles. Looking up and telling your tax person, ‘Well, I think I put about 20,000 miles on my car,’ is never going to stand up in any kind of scrutiny. You need to have something like Mileage IQ, some sort of paper book that you keep in the car. You need to have a purpose. Why did you go to this location? I went for tax preparation. Why was it this, and why was that? Who did you meet? What was the purpose? You need that information because if you ever get audited, I will tell you, that will be one of the top things they audit. 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Estimated Taxes: Why Paying On Time Beats IRS Penalties

Dr. Friday Tax Tips

Play Episode Listen Later Mar 28, 2025 1:00


In this one-minute moment, Dr. Friday stresses that making estimated tax payments is mandatory to avoid penalties, warning against trying to out-earn the IRS penalty rates by holding onto the funds. Transcript: G’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. Making estimated tax payments, people, are not a choice. Sure, you can choose not to do it, but there is a penalty. Who wants to pay the IRS more money just because you have to hold on to it? You better be earning 6 to 8 percent, or you’re going to be paying more in penalties than you’re earning on the money. I’ve had more than one person say, ‘I can do better than the IRS,’ but the IRS is the one penalizing you. Take the money out of the bank, pay the IRS so that the money in your bank is your money. Keeping the IRS out of your bank is so much easier than having to deal with penalties and interest. Need help understanding that? Give us a call at 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Owe Taxes? Why Filing On Time Still Matters (Avoid Penalties!)

Dr. Friday Tax Tips

Play Episode Listen Later Mar 27, 2025 1:00


In this one-minute moment, Dr. Friday advises against delaying tax filing even if you owe money, emphasizing that filing on time prevents additional penalties and interest; payment plans can be set up later. Transcript: G’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. We are winding down on tax season. So, if you are deciding maybe you don’t want to file your tax because you just found out that maybe you owe $20,000, or $5,000, or $2,000—it doesn’t make a difference depending on your own budget, but it’s a lot of money. And you’re thinking, ‘Well, if I don’t file the taxes, the IRS won’t know; therefore, I’m going to be able to stretch this out a little longer.’ And I can’t say that’s not true. But the fact is: file your taxes on time, then figure out how you’re going to make a payment plan. Pushing it down the line is only going to add more penalties, more interest, possibly failure-to-file penalties. If you need help, 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Online Sellers: Prepare for the $600 Tax Reporting Rule in 2025

Dr. Friday Tax Tips

Play Episode Listen Later Mar 26, 2025 1:00


In this one-minute moment, Dr. Friday discusses the upcoming 2025 change where merchant fee income over $600 will require business tax reporting, urging online sellers to track costs now. Transcript: G’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. Okay, so if you’re a person that is working and selling small things—maybe on eBay or one of those types of sites—and you have merchant fees, remember: 2025, it will be going to $600, what they threatened to do back in 2022. They’re finally implementing that. It is important to understand that if your merchant fees are over $600 for the entire year, you’re going to start having to report this as a business. So, think now about cost of goods, expenses. You can’t always show losses. So, what are you in business for? 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Exploring Trust Options: A Guide to A.B. Trusts, Living Trusts, and More

Dr. Friday Tax Tips

Play Episode Listen Later Mar 25, 2025 1:00


This episode dives into the various types of trusts available for estate planning. Dr. Friday reviews A.B. trusts, living trusts, insurance trusts, charitable remainder trusts, and even disability trusts to help you plan for the future. Transcript – Edited for Readability: G’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. Let’s talk a little bit about trust, different types of trust. You have a typical, you know, A.B. Trust, living trust, an insurance trust, a charitable remainder trust. All these are great. There’s also a disability trust. One of my nieces is on the spectrum. And we’ve set one up probably almost 10 years ago, in which many of us have also set up a life insurance policy. So if something happens to us, it will go into the trust. And then that way, she will always have money even when we’re not here. Think about things like that. Sometimes it’s a better way of setting it up than putting cold cash and hoping that it will grow. You need help with that again. Talk to a good estate attorney, but you can call or go to drfriday.com. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Dr. Friday Tax Tips
Generation-Skipping Tax Explained: Secure Your Grandchildren’s Future with Trusts

Dr. Friday Tax Tips

Play Episode Listen Later Mar 24, 2025 1:00


In this episode, Dr. Friday discusses how transferring assets to your grandchildren can trigger generation-skipping tax (GST) and explains why setting up trusts through your children is the smart move to avoid a steep 40% tax. Transcript – Edited for Readability: G’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. Something to talk about. Transferring to your grandchildren may be a subject of generation skipping tax. We do have GST tax, and that is 40%. So if you decide to skip a generation and you say, hey, I really want to leave everything to my grandchildren, even though your children are still alive, the government says, wait, you’re trying to spread it out further. So we’re going to tax you on that if you do certain things. Your best bet is to set it in trust, put it to your children, keep the trust to have certain regulations so the grandchildren can still inherit. There are ways, but talk to a good estate attorney. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Second Cup of Joe...and John
Pamela Furr - President of the TN Radio Hall of Fame, Veteran Radio Personality

Second Cup of Joe...and John

Play Episode Listen Later Feb 16, 2025 41:01


Pamela's Facebook page states: News Anchor, Writer, Voice Over Artist, Background Singer, Lover of God, Family,Friends, Wine, and Men. Behind the mic by the age 14, the North Carolina native set her sights on becoming a gospelsongwriter. Her move to Nashville in 1990 led to a variety of careers, all centered on the radio and music industry. Hervoice and signature red hair (she's been mistakenly for Wynonna) can be heard on SuperTalk 99.7 WTN along with herduties with the Tennessee Radio Hall of Fame. She reveals her early influences and why she's so passionate aboutkeeping news reporting above the fray. AMONG THE TOPICS: WHO TOLD HER TO “CHILL CHICK”, REMEMBERING ABELOVED COLLEAGUE, WHY ATLANTA WAS ONE AND DONE, AND WHY A NORTH CAROLINA GIRL SAYS “ROLL TIDE.”

Investor Coaching Show – Paul Winkler, Inc
What are Tariffs? An Interview With Matt Murphy on 99.7 WTN

Investor Coaching Show – Paul Winkler, Inc

Play Episode Listen Later Feb 12, 2025 14:01


Today, Paul shares an interview between himself and Matt Murphy on 99.7 WTN. President Trump has announced tariffs on many nations since he came into office last month, leaving a lot of people asking about what they are and if they really will raise prices on consumers. Listen along as Paul spends 15 minutes explaining what tariffs are, why they are used as an economic and political tool, and the effect they have on the economy.

Investor Coaching Show – Paul Winkler, Inc
What Are Tariffs? An Interview With Matt Murphy on 99.7 WTN

Investor Coaching Show – Paul Winkler, Inc

Play Episode Listen Later Feb 11, 2025 14:01


Today, Paul shares an interview between himself and Matt Murphy on 99.7 WTN. President Trump has announced tariffs on many nations since he came into office last month, leaving a lot of people asking about what they are and if they really will raise prices on consumers. Listen along as Paul spends 15 minutes explaining what tariffs are, why they are used as an economic and political tool, and the effect they have on the economy.   For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.