Where’s the cash, and what will give you the most bang for your buck? As you learn more about COVID-19 and related tax relief options, you probably have more questions. Toby Mathis and Jeff Webb of Anderson Advisors offer clarification on how and when to consider early distribution, loans, and paycheck protection. Time is of the essence. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics: 

• COVID-19 Tax Impact Updates:

• Paycheck Protection Program (PPP)

For all questions/answers discussed, sign up to be a Platinum member to view the replay!

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

Resources:

Infinity Investing Workshop 

Tax-Wise Business Ownership by Toby Mathis

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

CARES Act

Paycheck Protection Program (PPP)

Economic Injury Disaster Loan (EIDL)

Coronavirus Tax Relief

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

Small Business Administration (SBA)

Form 1045

Form 1139

Schedule C

Schedule E

Individual Retirement Arrangements (IRAs) 

Traditional and Roth IRAs

1031 Exchange

Opportunity Zones

Real Estate Professional Requirements

SECURE Act

Capital Gains Exclusion/Section 121

Form 1099

Airbnb/Short-term Rentals

26 U.S. Code Section 139

Self-Employment Tax

Section 179 Tax Depreciation

Depreciation Recapture

Bonus Depreciation

501(c)(3)

Wills and Trusts

Employer Identification Number (EIN)

K-1 Form

Unemployment Insurance

UBIT

UDFI

Non-Filers: Enter Payment Info Here

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