‘Tis the season for giving, so how do donations to charities and nonprofits impact your taxes? Toby Mathis and Jeff Webb of Anderson Advisors provide answers to help you get through the holidays when helping others. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.

Highlights/Topics: 

• I received a large sum of money via inheritance in 2019. How can this amount be protected and have the tax burden minimized? Inheritances are not taxable to recipient

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Resources:

2019 Year-End Tax Planning Special

Tax Cuts and Jobs Act (TCJA)

Form 1065

501(c)(3)

MileIQ

Cost Segregation Tax Breaks!

1031 Exchange

Bonus Depreciation

Section 179

401(k)

Solo 401(k)

Roth IRAs

Form 1120

Opportunity Zones FAQ

Opportunity Zone Heat Map

Capital Gains Exclusion/Section 121

Depreciation Recapture

Section 1244 Stock Loss

Section 183

Types of Trusts

Real Estate Professional Requirements

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Anderson Advisors

Anderson Advisors Tax and Asset Protection Event

Tax-Wise Workshop

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