With hundreds of tax questions to answer from thousands of people, Toby Mathis and Jeff Webb of Anderson Advisors requested backup. Additional team members include: Eliot Thomas, attorney and accountant; Piao Sam, tax supervisor, and Tavia Harter, bookkeeping services. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics: 

• If you lend money to your business, can it be interest-free? If there must be interest, then how much is required? Depends on loan amount; under $10,000, interest isn’t required

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Resources:

Tax-Wise Business Ownership by Toby Mathis (Promo Code for free copy/shipping: TUESDAY) Infinity Investing Workshop 

1-day Online Tax-Wise Class

CARES Act

Paycheck Protection Program (PPP)

Paycheck Protection Program (PPP) Flexibility Act

https://andersonadvisors.com/shop/

Real Estate Professional Requirements

Applicable Federal Rates (AFR) 

Individual Retirement Arrangements (IRAs) 

Traditional and Roth IRAs

501(c)(3)

Wills and Trusts

Schedule E

Bonus Depreciation

Depreciation Recapture

Section 179

Cost Segregation

Schedule K-1/Form 1065

Unrelated Business Income Tax (UBIT) 

Unrelated Debt-Financed Income (UDFI)

1098 Form

1099 Forms for Sole Proprietors

1099-INT

1099-R

Self-Employment Tax

QuickBooks

26 U.S. Code 280A

Rich Dad Poor Dad

Capital Gains Exclusion/Section 121

The IRA Club

Tax Code 7702

Franchise Tax Board

U.S. Department of the Treasury

Internal Revenue Service (IRS)

Small Business Administration (SBA)

Taking your Real Estate Business to the Next Level

Healing Veterans Through Surfing – Operation Surf

1 Veteran Foundation

Toby Mathis

Anderson Advisors

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