Anderson Business Advisors Podcast
Business:Investing
Are you going to inherit a house from your parents? Also, how will the new IRS rule on third-party payer apps, such as Venmo and Zelle, affect a landlord to collect rental payments? Beware of gift taxes from real estate, 1099-K and 709 forms, and other tax implications.
In this episode of Tax Tuesday, Toby Mathis and Jeff Webb of Anderson Advisors discuss gift taxes from real estate and new IRS rules on CashApp as well as answer additional tax-related questions. Submit your tax question to taxtuesday@andersonadvisors.
Highlights/Topics:For all questions/answers discussed, sign up to be a Platinum member to view the replay!
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Resources:Form 1099-K
https://www.irs.gov/businesses/understanding-your-form-1099-k
Form 709
https://www.irs.gov/forms-pubs/about-form-709
Unrelated Business Income Tax (UBIT)
https://www.irs.gov/charities-non-profits/unrelated-business-income-tax
Unrelated Debt Financing Income (UDFI)
https://www.irs.gov/charities-non-profits/unrelated-business-income-from-debt-financed-property-under-irc-section-514
Toby Mathis
https://andersonadvisors.com/tobymathis-2/
Anderson Advisors
https://andersonadvisors.com/
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