Do you know all there is to know about the relief provisions in the CARES Act for accessing money due to the COVID-19 crisis? It absolutely has an impact on health and the economy. None of it is going as planned, but additional guidance is available. Toby Mathis and Jeff Webb of Anderson Advisors answer your tax questions during this challenging time. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics: 

• Updates on Tax Impact of COVID-19:
  • Paycheck Protection Program (PPP) and Health Care Enhancement Act passed, signed into law

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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)

Individual Retirement Arrangements (IRAs) 

Traditional and Roth IRAs

Self-Employment Tax

Unemployment Insurance

Non-Filers: Enter Payment Info Here

Airbnb/Short-term Rentals

Real Estate Professional Requirements

Depreciation Recapture

Schedule A

Schedule C

Schedule E

Capital Gains Exclusion/Section 121

Form 1099

26 U.S. Code Section 139

IRS Payment Tool

Tax Cuts and Jobs Act (TCJA)

469c7

K-1 Form

Wills and Trusts

501(c)(3)

1031 Exchange

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