Anderson Business Advisors Podcast
Business:Investing
In case you missed it, Oct. 15 was another tax deadline. However, you still have some time to decide who you want to vote for in the upcoming presidential election: Donald Trump or Joe Biden? Toby Mathis of Anderson Advisors answers your tax questions about the impact of their proposed tax plans. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.
Highlights/Topics:
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Resources:
Tax Toolbox (Only $595, Regularly $1,500)
http://aba.link/taxtoolbox
Tax Cuts and Jobs Act (TCJA)
https://www.irs.gov/tax-reform
Old Age and Disability Survivor’s Insurance (OADSI)
https://www.investopedia.com/terms/o/oasdi.asp
State and Local Tax (SALT) Limitation
https://www.efile.com/state-and-local-tax-deduction-salt/
Section 1231
https://www.investopedia.com/terms/s/section-1231.asp
26 U.S. Code Section 121
http://www.irs.gov/pub/irs-drop/rr-14-02.pdf
Individual Retirement Arrangements (IRAs)
https://www.irs.gov/retirement-plans/individual-retirement-arrangements-iras
Traditional and Roth IRAs
https://www.irs.gov/retirement-plans/traditional-and-roth-iras
Real Estate Professional Requirements
https://www.irs.gov/pub/irs-utl/33-Real%20Estate%20Professionals.pdf
Credits and Deductions
https://www.irs.gov/credits-deductions-for-individuals
1031 Exchange
https://www.irs.gov/pub/irs-news/fs-08-18.pdf
Form W-2
https://www.irs.gov/forms-pubs/about-form-w-2
Wills and Trusts
https://andersonadvisors.com/living_trusts/
Self-Employment Tax
https://www.irs.gov/taxtopics/tc554
Charitable Organizations
https://www.irs.gov/charities-non-profits/charitable-organizations
Internal Revenue Service (IRS)
https://www.irs.gov/
1099-Misc Form
https://www.irs.gov/forms-pubs/about-form-1099-misc
Bankruptcy
https://www.uscourts.gov/services-forms/bankruptcy
Bonus Depreciation
https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act
Depreciation Recapture
https://www.investopedia.com/terms/d/depreciationrecapture.asp
Unrelated Debt-Financed Income (UDFI)
https://ira123.com/learn/understanding-udfi/
199A Deduction
https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-income-deduction-faqs
3115 Change of Accounting Method
https://www.irs.gov/forms-pubs/about-form-3115
Cost Segregation
https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-1-introduction
Schedule A
https://www.irs.gov/forms-pubs/about-schedule-a-form-1040
Schedule E
https://www.irs.gov/forms-pubs/about-schedule-e-form-1040
26 U.S. Code Section 280A
https://www.law.cornell.edu/uscode/text/26/280A
MileIQ
https://www.mileiq.com/
Healthcare Reform (Affordable Care Act)
https://www.healthcare.gov/
Tax-Wise by Toby Mathis
https://andersonadvisors.com/tax-wise/
Toby Mathis
http://tobymathis.com/about-toby-mathis/
Anderson Advisors
https://andersonadvisors.com/
Anderson Advisors Events
https://andersonadvisors.com/all-events/
Events@andersonadvisors.com
Anderson Advisors Tax and Asset Protection Event
https://andersonadvisors.com/asset-protection/
Anderson Advisors on YouTube
https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ
Anderson Advisors on Facebook
https://www.facebook.com/AndersonBusinessAdvisors/
Anderson Advisors Podcast
https://andersonadvisors.com/podcast/
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