Alan Cox, CPA, CKA, Director of Estate/Trust Planning and Estate Settlement at Ronald Blue Trust joins Mike to discuss some of the ins and outs of the latest Coronavirus relief package.
* modifications to charitable contribution limitations, including above the line deductions for non-itemizers
* relief checks and their calculations: information on how you can figure out how much you may be getting!
* difference between Adjusted Gross Income and Taxable Income
* expansion of the paycheck protection loans
* deductibility of business meals
* IRA conversion considerations