Anderson Business Advisors Podcast

Tax Tuesdays with Toby Mathis 11-12-2019

November 19, 2019

Taxes can be fun. Just ask those who attended the recent Tax-Wise Workshop and Tax Tuesdays hosted by Toby Mathis and Jeff Webb of Anderson Advisors. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.


  • I have a corporation, but it does not earn income. Do I still need to file a return? Yes, you’re required to file a return every year of its existence
  • If I am self-employed, or own a small business, are the health insurance premiums tax deductible? Yes, health insurance premiums, but you can’t write-off other costs 
  • What are the differences between a Solo 401(k), Qualified Retirement Plan (QRP), and Cash Balance Pension? Most 401(k)s and QRPs are defined contribution and/or profit sharing plans; Cash Balance Pension is a defined benefit plan
  • How do I sell a husband-and-wife owned C Corp to reduce taxes? Whenever selling a business, try to sell the company’s shares for long-term capital gains
  • Can I offset gains from rents with depreciation? Yes
  • I have eight units in my own name. Will I save on taxes this year, if I transfer them under my LLC? No, it doesn’t make any difference; there’s no real benefit to doing it that way

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

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HUD/Section 8 Housing

Cost Segregation Tax Breaks!


Solo 401(k)

Qualified Retirement Plan (QRP)

Cash Balance Pension


Opportunity Zones FAQ

Opportunity Zone Heat Map

Foreign Earned Income Exclusion

Roth IRAs



Participation Loan Agreement

Real Estate Professional Requirements

Passive Activity Losses - Section 469

Depreciation Recapture

Bonus Depreciation

Capital Gains Exclusion/Section 121

Section 105 Health Plan Reimbursement

Self-Employment Tax

Schedule E

Section 1244 Stock Loss

Kiddie Tax

Types of Trusts

Unrelated Business Income Tax (UBIT)

Toby Mathis

Anderson Advisors

Anderson Advisors Tax and Asset Protection Event

Tax-Wise Workshop

Tax-Wise 2019 3-in-1 Offer/2fer Tuesday Bulletproof

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