Dr. Friday Radio Show – May 22, 2021

Another episode of the Dr. Friday Radio Show is here! In this episode, Dr. Friday shares all the latest tax updates, and talks over the following topics:

File An Extention With A 4868 Form

Why You Should Be Paying Quarterly Taxes

How Can I Find My Tax Refund?

Who Does The Government Want To Audit

Tax Extensions Expires October 15, 2021

How To Find Your Stimulus Check

What Can I Deduct From Charitable Contributions?

How To E-File Your Tax Returns

Do You Need Help With Tax Representation?

Should I Rent or Rent to Own My Home?

and other caller's questions! Transcript Announcer 0:01 No, no, no, she's not a medical doctor, but she can sure cure your tax problems or your financial woes. She's the how-to girl. It's the Dr. Friday show. If you have a question for Dr. Friday, call her now at 615-737-9986. So here’s your host, financial counselor, and tax consultant, Dr. Friday. Dr. Friday 0:29 Good day, I'm Dr. Friday and the Dr. Friday show and we are here live today. So if you want to join us you can at 615-737-9986. We are talking about my absolute favorite subject which is taxes. Now a lot of you may already think that you know what taxes are done, we don't need to worry about them anymore, which is completely wrong. Some of you have managed the file but many of you have still not received your refunds today, even though I was traveling and I'm on basic vacation thanks to Dr. Electric. I am here in sunny Florida and there are at least six people I spoke to on the way here and they all are asking me why they didn't get their refund, and the answer is the same for everyone guys, the IRS is running slow. Now for some of you procrastinators you do have if you live in Campbell, Cannon, Clay, Davidson, Decatur, Henderson, Hickman Jackson, Madison, Murray, McNair, Moore, Overton, Scott, Smith, Wayne, Williamson, and Wilson counties. I'm not repeating all those. If you live in one of those counties, if you're not too sure, you can certainly text me and I will let you know what those counties were, you have an automatic extension if your primary home and or businesses in those counties, you have an automatic extension to August 2, for a few of you that may not have been able to make the May 17 deadline for one reason or another, you may have a get out of jail card for free here because August 2 will automatically extend those people in those counties. Those are for anybody. It's for victims of severe storm damage, wind damage, tornadoes, and floods. That happened back in March. But it's anyone that lives in those counties, not necessarily you been directly affected by those storms. Dr. Friday 2:31 So that may give a few of you a little bit of a way out. Louise, I cannot see the screen. So just text me if you can, if anyone's calling that way, we can just do it that way. It's no big deal. I appreciate it. So again, if you are an individual that is doing something with your taxes, and maybe you didn't get a chance, or maybe we had to file extensions, it's been a bit of a crazy year with not only dealing with 2020, and its issues, but the PPP loans, the EIDL, the SBA loans, all of those coming out in the 7500s for payroll, employee retention forms, I should say. All of those are on top of our normal tax season. So it's been a crazy year, trying to help all of our small businesses try to stay open to take advantage of any of the funds available for them to keep their doors open and doing that. Dr. Friday 3:25 So if you've got a question, you can join the show at 615-737-9986. We'll take your calls. So again, that's one of the big things I know a lot of people and I will tell you, I wasn't really pushing the August 2 because I think almost if you have the ability to have filed by the May 17 deadline, it was trying to make that happen for most of our tax clients. Again, that also extended individua