What’s the answer to all tax questions? Calculate, calculate, calculate. Fortunately, Toby Mathis and Jeff Webb of Anderson Advisors provide additional information to help you determine what makes sense from a tax standpoint. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics: 

• What do you have to file when you have an S Corp and take a salary? Payroll tax forms, possible registration with state, county, and/or city for withholding

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Resources:

Wills and Trusts

Employer Identification Number (EIN)

Individual Retirement Arrangements (IRAs) 

Traditional and Roth IRAs

26 US Code 280A

Real Estate Professional Requirements

UBIT

UDFI

Capital Gains Exclusion/Section 121

Form 1099-INT

Schedule K-1

Unemployment Insurance

Workers' Comp

Professional Employer Organization (PEO)

ADP

Paychex

Patriot Software

Schedule C

Self-Employment Tax

Cost Segregation Tax Breaks!

Section 179 Tax Depreciation

Depreciation Recapture

Bonus Depreciation

MACRS Depreciation

Form 1041

Form 1040

Schedule E

Form 2553

Form 1128

Form 1040-NR

Opportunity Zones

501(c)(3)

Rollovers as Business Startups (ROBS)

1031 Exchange

SECURE Act

PayPal

Airbnb/Short-term Rentals

HELOC

Form 1099-COD

American Home Shield Warranty

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