As most of us experience financial hardship due to the COVID-19 pandemic, there is support through the new Coronavirus Aid, Relief, and Economic Security (CARES) Act. When doing your federal and state income taxes, stay up to date and safe. Toby Mathis and Jeff Webb of Anderson Advisors continue to practice social distancing to answer your tax questions. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics: 

• What are updates on the tax impact of COVID-19? 
  • Tax Grace Period: July 15, not April 15 is deadline to file your federal taxes

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Go to iTunes to leave a review of the Tax Tuesday podcast. 

Resources:

Unlock Free Money from the New Stimulus Bill - CARES Act with Clint Coons and Toby Mathis

Tax-Wise Business Ownership by Toby Mathis

Infinity Investing Workshop 

CARES Act

Paycheck Protection Program (PPP)

Economic Injury Disaster Loan (EIDL)

Coronavirus Tax Relief

Families First Act

Family and Medical Leave Act (FMLA)

SECURE Act

Individual Retirement Arrangements (IRAs) 

Traditional and Roth IRAs

COVID-19 and the Family and Medical Leave Act Questions and Answers

501(c)(3)

K-1 Form

Form 1065

Form 1099

Employer Identification Number (EIN)

Affordable Care Act

Wills and Trusts

Tax Cuts and Jobs Act (TCJA)

1031 Exchange

Capital Gains Exclusion/Section 121

QuickBooks

Toby Mathis

Anderson Advisors

Anderson Advisors Events

Anderson Advisors Tax and Asset Protection Event

Tax-Wise Workshop

Anderson Advisors on YouTube

Anderson Advisors on Facebook

Anderson Advisors Podcast