Dr. Friday Radio Show – February 7, 2026

Dr. Friday Radio Show – February 7, 2026

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

February 10, 2026 · 46 min

About this episode

Dr. Friday addresses tax season questions, focusing on overtime tax treatment, RMD scenarios, and practical tax advice for business owners.

Tax season questions came in fast this week, and Dr. Friday opened by correcting confusion around overtime and tip-related tax treatment. She walked through RMD caller scenarios, including what to do after a late distribution and when extra documentation may be needed. The show also covered audit-ready recordkeeping, mileage versus vehicle write-offs, and practical questions on gifts and interest income. Summary Points Dr. Friday opened with overtime and tip confusion, stressing that not everyone qualifies and itemizing is not required for this treatment. A caller with two IRA accounts asked about a missed RMD amount; Dr. Friday discussed filing with added explanation when a distribution was corrected after year-end. For standard RMDs, she said reporting is generally through Form 1099-R, and she also highlighted QCD options for eligible charitable giving from retirement funds. She emphasized compliance first: file missing returns, verify all 1099s are included, and confirm IRS payments actually clear your bank. Business owners were reminded to keep receipts and mileage logs, avoid guessing deductions, and separate commuting miles from true business miles. Caller Q&A covered…

People in this episode

Host: Dr. Friday Burke

Topics covered

  • tax season
  • overtime tax treatment
  • RMD scenarios
  • audit-ready recordkeeping
  • deductions
  • gifts and interest income

Keywords

  • tax season
  • overtime
  • RMD
  • deductions
  • recordkeeping
  • gifts
  • interest income

Mentioned in this episode

Organizations: IRS, Form 1099-R, QCD

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