Dr. Friday Radio Show – February 21, 2026

Dr. Friday Radio Show – February 21, 2026

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

February 24, 2026 · 47 min

About this episode

Dr. Friday discusses smart tax filing decisions and answers caller questions on various tax topics.

Tax season is in full swing, and this episode centers on making smart filing decisions before deadlines hit. Dr. Friday opens with reminders for entity returns due March 15, then walks through live caller questions on deductions, IRA strategy, home-sale basis, and grant-funded wages. She also covers reporting side income correctly and planning ahead so tax results are less of a surprise. Summary Points Reminder that S corporations and many LLC/entity returns are due by March 15, and extensions should be filed if records are incomplete. Discussion of overtime reporting issues on tax documents and why taxpayers should use accurate employer-provided figures whenever possible. Caller conversation on the additional age-based standard deduction and using IRA withdrawals or conversions strategically within tax brackets. Breakdown of home-sale basis and capital gains factors, including inherited/spousal history, added land costs, and documentation needs. Clarification that employees paid through block-grant-funded organizations are still generally subject to normal income tax rules. Guidance on self-employment side work reporting on Schedule C, including tracking income and legitimate…

People in this episode

Host: Dr. Friday Burke

Topics covered

  • tax filing decisions
  • entity returns
  • deductions
  • IRA strategy
  • home-sale basis
  • side income reporting

Keywords

  • tax season
  • filing deadlines
  • deductions
  • capital gains
  • self-employment
  • income tax

Mentioned in this episode

Organizations: S corporations, LLC, IRA, Schedule C, block-grant-funded organizations

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