Dr. Friday Radio Show – April 4, 2026

Dr. Friday Radio Show – April 4, 2026

From The Dr. Friday Radio Show by Dr. Friday Burke

April 6, 2026 · 47 min

About this episode

Dr. Friday discusses tax implications for Tennessee residents affected by an ice storm and answers questions about Social Security income and inherited properties.

This episode opens with timely news for Tennessee taxpayers in counties affected by the recent ice storm: the IRS has extended certain filing and payment deadlines to May 22, 2026. Dr. Friday also fields caller questions about when Social Security income triggers a filing requirement and whether people living only on benefits need to notify the government each year. Along the way, she covers inherited-home appraisals, donation documentation, IRS identity-verification letters, and the long-term cost of mishandling payroll taxes or S-corp wages. Summary Points IRS disaster extension: Dr. Friday says taxpayers in the covered Tennessee counties may have certain filing and payment deadlines pushed to May 22, 2026, with eligibility tied to the address on the return. Social Security filing thresholds: A caller example showed that when most income is Social Security and the remaining income is low enough, a federal return may not be required under the provisional income rules she discussed. Inherited home sales: Selling inherited property can still create capital gains above the stepped-up basis, which is why she stresses getting a real appraisal at the date of inheritance. Donation…

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