100 episodes

Real Estate Investors, Stock Traders, and Business Owners
guide to preserve their wealth, protect their assets, and prosper in the
future. Anderson Business Advisors' Attorneys and Professional Advisors
share tax reduction strategies and asset protection techniques to protect
and build your wealth.

Anderson Business Advisors Podcast AndersonAdvisors.com

    • Business
    • 4.9 • 47 Ratings

Real Estate Investors, Stock Traders, and Business Owners
guide to preserve their wealth, protect their assets, and prosper in the
future. Anderson Business Advisors' Attorneys and Professional Advisors
share tax reduction strategies and asset protection techniques to protect
and build your wealth.

    How Underwriters Evaluate Loans to LLCs or Land Trusts

    How Underwriters Evaluate Loans to LLCs or Land Trusts

    How do underwriters evaluate loans to LLCs or land trusts? By effectively guiding a loan from application through underwriting to a successful closing and helping mortgage lenders comply with regulations.  
    Today, Clint Coons of Anderson Business Advisors talks to Andrew Duane, Associate Attorney at Polunsky Beitel Green, LLP. Andrew’s focus on lender support includes file underwriting, complex loan products, and post-closing matters.
    Andrew is Due Diligence Certified (DDC) by the International Due Diligence Organization and a professional member of the State Bar of Texas. Previously, he worked with the firm’s document review and preparation team while attending law school.
    Highlights/Topics:
    What if a client or investor wants to refinance a transaction and pull property out of a land trust? Find a lender willing to refinance the property in the name of the trust.
    Why create a living trust? You don't want to tell the lender to move it out of the trust and have another effect on their asset protection portfolio or other kinds of disastrous effects.
    What was the solution? Convert the land trust into a living trust because all trusts can be amended and restated.
    What is Andrew’s role? He is an attorney that represents lenders. He doesn’t represent individual borrowers, but banks and lenders closing home loans in the State of Texas.
    Why does Andrew perform underwriting and review guidelines? What are lenders like Fannie Mae and Freddie Mac experiencing on origination? Andrew backs up, not just the closing process, but that underwriting process.
    Why is Andrew’s firm the backstop for lenders? There are other attorneys that do this. When the underwriter gets a document such as a land trust or limited liability company (LLC), they don't understand it and want to make sure it is legitimate and can be used.
    When the loan originator/lender can't sell it, they don't want to hold it. They don’t deal with that land trust? When investors/clients talk to their loan officers, Fannie Mae requires direct negotiation for the land trust. Freddie Mac doesn't. Freddie buys the land trust where they are statutorily authorized and the individual beneficiary is the borrower.
    If the property was in an LLC and it's a residential loan, would it get across the goal line? It’s doubtful. Fannie and Freddie do not allow for LLCs. In their general borrower eligibility section, they like a natural person.Then, they make exceptions. An LLC for people selling to Fannie and Freddie isn’t possible because it’s a residential mortgage.
    If you put it into a land trust and the land trust is owned by the LLC, you can convert the land trust to a living trust, get the loan, and it doesn’t state your name? If you're thinking about your structures and you plan to refinance the property, if you don't want it in your name, consider using a land trust held by an LLC for your asset protection.
    If you buy or close on new investment property, are there any traps to be aware of before going to the lender? Get your documentation ready to go. If it's closing in a trust, check with the attorney that did it. If it's been a few years, it might be time to restate and update it. It makes the process smoother all around for borrowers and lenders.
    What’s FHA’s anti-flipping provision? It’s in the HUD handbook. FHA is concerned that houses are going to get flipped for an artificial value and FHA will have to insure all of them. Guidelines and recommendations include waiting 180 days from the time that the deed is delivered, when they acquire legal ownership, to go under contract.
    If you transfer property to yourself, deeded in the corporation, when you list it for sale, and a first-time homebuyer will not qualify because of that transfer? FHA wants the seller on record to be the person making the sale.
    When it comes to putting deals together if you're a real est

    • 26 min
    Tax Tuesday with Toby Mathis 04-27-2021

    Tax Tuesday with Toby Mathis 04-27-2021

    From entity formation, income, and inheritance to losses, proceeds, and profits, Toby Mathis and Jeff Webb of Anderson Advisors answer your tax questions. Submit your tax question to taxtuesday@andersonadvisors.
    Highlights/Topics:
    How does a single, high W-2 earning individual take advantage of passive losses? It’s difficult because passive losses for a high earner are going to be subject to limitations
    How are inherited stock shares treated when sold? If you inherit stocks, they are valued at fair market value now, not when they were bought due to the step-up in basis
    Should an S Corp pay profits as dividends? An S Corp does not pay dividends; it passes on profits and losses to shareholders
    Is it preferable to have a C Corp or an LLC as your holding entity? It’s better to have an LLC as your holding entity; there’s no tax treatment for an LLC
    Are proceeds received from winning a court case ($20 million) taxable? It depends on the source of the claim, as a matter of rule, and attorney fees are no longer deductible
    For all questions/answers discussed, sign up to be a Platinum member to view the replay!
    Go to iTunes to leave a review of the Tax Tuesday podcast.
    Resources:
    Anderson Advisors’ Infinity Investing Through Stocks and Real Estate - Free event on May 15
    http://aba.link/iiw
    Infinity Investing: How The Rich Get Richer And How You Can Do The Same by Toby Mathis
    http://aba.link/infinitybook
    Capital Gains and Losses
    https://www.irs.gov/newsroom/capital-gains-and-losses-10-helpful-facts-to-know-0
    Charitable Organizations
    https://www.irs.gov/charities-non-profits/charitable-organizations
    Wills and Trusts
    https://andersonadvisors.com/living_trusts/
    Entity Formation
    https://andersonadvisors.com/entity_formation/
    Retirement Plans
    https://andersonadvisors.com/retirement_plan/
    Real Estate Professional Requirements
    https://www.irs.gov/pub/irs-utl/33-Real Estate Professionals.pdf
    Home Office Deduction
    https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction
    Kiddie Tax
    https://www.irs.gov/taxtopics/tc553
    1031 Exchange
    https://www.irs.gov/pub/irs-news/fs-08-18.pdf
    Step-Up in Basis
    https://www.investopedia.com/terms/s/stepupinbasis.asp#:~:text=A%20step%2Dup%20in%20basis%20is%20the%20readjustment%20of%20the,for%20tax%20purposes%20upon%20inheritance.&text=The%20asset%20receives%20a%20step,of%20property%20transferred%20at%20death.
    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
    California Proposition 19
    https://www.boe.ca.gov/prop19/
    Self-Employment Tax
    https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes
    Old-Age, Survivors, and Disability Insurance (OASDI) Program
    https://www.ssa.gov/policy/docs/progdesc/sspus/oasdi.pdf
    121 Capital Gains Exclusion
    https://www.irs.gov/taxtopics/tc701
    CARES Act
    https://www.congress.gov/116/bills/hr748/BILLS-116hr748enr.pdf
    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
    Section 162 - Trade or Business Expenses
    https://www.irs.gov/pub/irs-drop/rr-99-7.pdf
    Form 1040
    https://www.irs.gov/forms-pubs/about-form-1040
    Form 1099
    https://www.irs.gov/forms-pubs/about-form-1099-misc
    Tax Cuts and Jobs Act (TCJA)
    https://www.irs.gov/tax-reform
    Rich Dad Poor Dad by Robert Kiyosaki
    https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1543626610
    Insperity
    https://www.insperity.com/
    Payroll City
    https://payrollcity.com/
    Paycheck Protection Program (PPP)
    https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program
    Toby Mathis
    http://tobymathis.com/about-toby-mathis/
    Anderson Advisors
    https://andersonadvisors.com/
    Anderson Advisors Ev

    • 1 hr 16 min
    Investing in Raw Land

    Investing in Raw Land

    Looking for land? It’s tough to find.So, where do you find the niches to find the riches to invest in raw land? 
     
    Today, Clint Coons of Anderson Business Advisors talks to Seth Williams, founder of REtipster, an online community that offers real-world guidance for real estate investors.
     
    Seth discusses how he realized that land is probably the better way to go. It’s easier to find deals on land than houses and it costs a lot less.
    Highlights/Topics:
     
    Raw Land Investments: Low liability, low risk, no tenants, and property taxes are cheap.
    What’s worth buying or not? Vacant land is simple, but is not easy.
    Always Ask: Is the property zoned right? Are there restrictions? What are the setbacks?
    Environmental Due Diligence: How much is spent on raw land development? A fortune.
    DataTree: You can get most of the information you need without spending a fortune.
    How to get started? Identify market, location, seller financing, state laws, and tax rules.
    Where? New Mexico and Southwest—less complex and fewer variables to understand.
    Invest to Sell: Market property with Facebook Marketplace, Craigslist, and Zillow FSBO.
    Leads: Pros and cons of using direct mail, automated offers, and not knowing markets.
    Resources:
    REtipster
    https://retipster.com/
    REtipster on YouTube
    http://retipster.com/youtube
    DataTree
    http://retipster.com/datatree
    Land Investing
    https://retipster.com/category/land-investing/
    The Land Flipping Lifecycle
    https://retipster.com/land-flipping-lifecycle
    The Truth About Land Investing
    https://retipster.com/truthaboutlandinvesting
    LandWatch
    https://www.landwatch.com/
    Land and Farm
    https://www.landandfarm.com/
    MLS
    http://www.mls.com/
    Clint Coons
    https://andersonadvisors.com/clint-coons/
    Anderson Advisors
    https://andersonadvisors.com/
    Anderson Advisors Tax and Asset Protection Event
    https://andersonadvisors.com/asset-protection/
    Anderson Advisors on YouTube
    https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

    • 33 min
    Tax Tuesday with Toby Mathis 04-13-2021

    Tax Tuesday with Toby Mathis 04-13-2021

    With all the lack of tax knowledge going around and politicians being pushed by their parties, get your tax questions answered by Toby Mathis and Jeff Webb of Anderson Advisors. Submit your tax question to taxtuesday@andersonadvisors.
    Highlights/Topics:
    When you have a PLLC, what do you put on a personal or business credit card? If you have a business credit card that’s great, but a lot of the credit card companies are not willing to issue credit cards to new small businesses; use a personal credit card and make sure to separate personal and business expenses
    How do you claim the solar credit on your personal residence? Use Form 5695
    Should I file a return with my kids as dependents or should they file their own return if they are paid from the family business? If they are dependents and not supporting themselves, they are still dependents on your return; however, the children can file their own return as well and claim the standard deduction up to the amount of their earned income plus $300
    I have a rental property in California. When I go there to work on it, can I use per diem plus mileage rather than actual receipts for housing and meals? Depends if you are self-employed or you have the rentals owned personally, you cannot use the per diem for housing but can use it for meals
    I haven’t done taxes for 2020 and I’d like to know how to write-off bills for my emotional support animal. Can that be done with business taxes? Maybe, depends on the IRS’ primarily for and but for tests
    For all questions/answers discussed, sign up to be a Platinum member to view the replay!
    Go to iTunes to leave a review of the Tax Tuesday podcast.
    Resources:
    Infinity Investing: How The Rich Get Richer And How You Can Do The Same by Toby Mathis
    http://aba.link/infinitybook
    Anderson Advisors Tax and Asset Protection Workshop (April 24)
    https://andersonadvisors.com/real-estate-asset-protection-workshop-training/
    Charitable Organizations
    https://www.irs.gov/charities-non-profits/charitable-organizations
    Capital Gains and Losses
    https://www.irs.gov/newsroom/capital-gains-and-losses-10-helpful-facts-to-know-0
    Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics
    https://www.energy.gov/sites/prod/files/2020/01/f70/Guide to Federal Tax Credit for Residential Solar PV.pdf
    Form 5695 - Residential Energy Credits
    https://www.irs.gov/forms-pubs/about-form-5695
    Entity Formation
    https://andersonadvisors.com/entity_formation/
    Retirement Plans
    https://andersonadvisors.com/retirement_plan/
    Real Estate Professional Requirements
    https://www.irs.gov/pub/irs-utl/33-Real Estate Professionals.pdf
    MileIQ
    https://www.mileiq.com/
    Self-Employment Tax
    https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes
    Home Office Deduction
    https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction
    Old-Age, Survivors, and Disability Insurance (OASDI) Program
    https://www.ssa.gov/policy/docs/progdesc/sspus/oasdi.pdf
    Bonus Depreciation
    https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act
    Cost Segregation
    https://andersonadvisors.com/using-cost-segregation-residential-real-estate/
    Depreciation Recapture
    https://www.investopedia.com/terms/d/depreciationrecapture.asp
    Section 162 - Trade or Business Expenses
    https://www.irs.gov/pub/irs-drop/rr-99-7.pdf
    Step-Up in Basis
    https://www.investopedia.com/terms/s/stepupinbasis.asp#:~:text=A%20step%2Dup%20in%20basis%20is%20the%20readjustment%20of%20the,for%20tax%20purposes%20upon%20inheritance.&text=The%20asset%20receives%20a%20step,of%20property%20transferred%20at%20death.
    26 U.S. Code Section 168K
    https://www.law.cornell.edu/uscode/text/26/168
    Kiddie Tax
    https://www.irs.gov/taxtopics/tc553
    Americans with Disabilities Act (ADA)
    https://www.ada.gov/
    HIPAA
    https://www.hhs.gov/hipaa/i

    • 1 hr
    A lesson in what the super-rich know about minimizing taxes and maximizing income

    A lesson in what the super-rich know about minimizing taxes and maximizing income

    People don’t like to talk about taxes or being separated from their money, especially because of the country’s complex tax system. So, how do the rich get richer? Learn a lesson from the super-rich about minimizing taxes and maximizing income and infinity investing.
    In this episode, Toby Mathis of Anderson Advisors talks to Mike Consol, Editor of Real Assets Adviser – one of seven titles published by Institutional Real Estate, Inc. (IREI).
    Mike is responsible for the magazine’s editorial content and production and has been a professional journalist since 1983. He has spent his entire career working for business publications. Mike joined IREI in 2012 as editor of Institutional Real Estate Americas. Prior to IREI, he spent 17 years with American City Business Journals (ACBJ), the nation’s largest publisher of metropolitan business journals with 40 weekly newspapers.
    Highlights/Topics:
    How does the tax code system work in the United States where the rich get richer and the people of average means stay right where they are? There is a misunderstanding of what assets and liabilities are, and people end up buying more liabilities than assets.
    Assets put money in your pockets. Every year, does it increase what’s in your bank account that you can buy groceries with, or does it take it away, like does it cost you money? If you use that analysis, you won’t be misled.
    Tax Code Highlights: Incentivizes investing in specific types of assets and punishes you if all you have is ordinary income.
    Social Security: Regressive taxes hurt the poor worse than they hurt the rich. The 15.3% tax is embedded in all earned income. Make other types of income that are not subject to that regressive tax. That’s your unearned, passive, and portfolio income.
    Things written in the tax code are specific to an individual company or industry and given extremely gracious treatment. Sometimes, investments are not made based on fact and reason, but tax efficiency or tax break.
    Cheat by Copying: What do rich people do? Diversification, which involves rents, royalties, dividends, interest, and short-term capital gains on sale of options.
    Zero Corporate Tax: Don’t tax corporations but people. When the United States lowered its corporate tax, other countries followed. It created tremendous worldwide growth, but pushed wealth into the hands of very few people.
    What is infinity investing? Changes the way you think of your net worth. How many days can you survive without working? Consider passive income sources so you never have to work again.
    Resources:
    Mike Consol
    https://aba.link/mike
    Institutional Real Estate, Inc. (IREI)
    https://irei.com/
    Real Assets Adviser
    https://irei.com/real-assets-adviser/
    A lesson in what the super-rich know about minimizing taxes and maximizing income
    https://irei.com/video-and-podcast/lesson-super-rich-know-minimizing-taxes-maximizing-income/
    Paycheck Protection Program (PPP)
    https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program
    U.S. Code: Title 26
    https://www.law.cornell.edu/uscode/text/26
    Charitable Organizations
    https://www.irs.gov/charities-non-profits/charitable-organizations
    Real Estate Investment Trust (REIT)
    https://www.investopedia.com/terms/r/reit.asp
    Self-Employment Tax
    https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes
    Tax Cuts and Jobs Act (TCJA)
    https://www.irs.gov/tax-reform
    David Cay Johnston (former New York Times tax reporter)
    https://www.nytimes.com/by/david-cay-johnston
    The Gospel of Wealth by Andrew Carnegie
    https://www.carnegie.org/about/our-history/gospelofwealth/
    CARES Act
    https://home.treasury.gov/policy-issues/cares
    Wills and Trusts
    https://andersonadvisors.com/living_trusts/
    Infinity Investing: How The Rich Get Richer And How You Can Do The Same
    https://www.amazon.com/Infinity-Investing-Rich

    • 50 min
    Tax Tuesday with Toby Mathis 03-30-2021

    Tax Tuesday with Toby Mathis 03-30-2021

    Don’t be a fool in April! Make sure to get your tax questions answered by Toni Covey and Jeff Webb of Anderson Advisors. Submit your tax question to taxtuesday@andersonadvisors.
    Highlights/Topics:
    Do wholesalers of land need to pay self-employment tax? If you are wholesaling that is going to be ordinary income, so if it’s reported on your personal tax return, it’s subject to self-employment tax; instead put it in a corporate entity
    If I run my real estate business from home, can I deduct a portion of all home expenses (i.e. property tax, utilities, and insurance)? Yes, but there are a few rules that need to be followed such as for a home office deduction and Schedule C
    Startup S-Corp has no revenue yet. If I file taxes jointly with my spouse, any concerns? No, but make sure to file a tax return to prove profit motive
    What is the best way to pay my children (teenagers) when they work in my business? Payroll? Cash at time of service? Year-ending 1099? To pay your children, consider what they are capable of doing and what they are going to be paid, which can be done via W-2 or 1099
    For all questions/answers discussed, sign up to be a Platinum member to view the replay!
    Go to iTunes to leave a review of the Tax Tuesday podcast.
    Resources:
    Infinity Investing: How The Rich Get Richer And How You Can Do The Same by Toby Mathis
    http://aba.link/infinitybook
    Schedule K-1 Form 1065
    https://www.irs.gov/forms-pubs/about-schedule-k-1-form-1065
    Self-Employment Tax
    https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes
    Real Estate Professional Requirements
    https://www.irs.gov/pub/irs-utl/33-Real Estate Professionals.pdf
    Charitable Organizations
    https://www.irs.gov/charities-non-profits/charitable-organizations
    Form 1099
    https://www.irs.gov/forms-pubs/about-form-1099-misc
    26 U.S. Code Section 168K
    https://www.law.cornell.edu/uscode/text/26/168
    Section 179
    https://www.section179.org/
    Entity Formation
    https://andersonadvisors.com/entity_formation/
    Cost Segregation
    https://andersonadvisors.com/using-cost-segregation-residential-real-estate/
    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
    Wills and Trusts
    https://andersonadvisors.com/living_trusts/
    CARES Act
    https://home.treasury.gov/policy-issues/cares
    Home Office Deduction
    https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction
    Tax Cuts and Jobs Act (TCJA)
    https://www.irs.gov/tax-reform
    Schedule A
    https://www.irs.gov/forms-pubs/about-schedule-a-form-1040
    Schedule C
    https://www.irs.gov/forms-pubs/about-schedule-c-form-1040
    Schedule E
    https://www.irs.gov/forms-pubs/about-schedule-e-form-1040
    Form 1040
    https://www.irs.gov/forms-pubs/about-form-1040
    Form 8829
    https://www.irs.gov/forms-pubs/about-form-8829
    26 U.S. Code Section 280A
    https://www.law.cornell.edu/uscode/text/26/280A
    Anderson Advisors
    https://andersonadvisors.com/
    Anderson Advisors Events
    https://andersonadvisors.com/all-events/
    Events@andersonadvisors.com
    Anderson Advisors Tax and Asset Protection Workshop
    https://andersonadvisors.com/asset-protection/
    Anderson Advisors Tax-Wise Workshop
    https://andersonadvisors.com/tax-wise-workshop-for-businesses-investors/
    Anderson Advisors Infinity Investing Workshop
    https://andersonadvisors.com/investing-workshop-passive-income-generating-machine/
    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/
     
     

    • 1 hr 11 min

Customer Reviews

4.9 out of 5
47 Ratings

47 Ratings

Amkrad1 ,

SUPER.HIGH.YIELD

Phenomenal podcast ! Chock full of incredible tax
Knowledge nuggets for all.
From the seasoned investors to newbies.... if you pay tax (and with good planning hopefully it’s minimized) then this show is for YOU.

Clint, Toby and Jeff have hit a true home run with this show. Tax Tuesday’s w/ the focus on answering listeners’ questions gives great breadth and depth of tools to learn about tax optimation... the other podcasts have fantastic interviews on variety of subjects.

All of the hosts are super approachable and make the subject of Taxes.... dare I say....FUN?!!

Keep up the amazing work all of you.
# gratitude

howard n olivia ,

Invaluable information: FOR FREE!

Toby and jeff make taxes surprisingly fun and interesting! All of this information is extremely helpful, comprehensive and free!
Keep up the great work!

DbagLV ,

Knowledgeable and helpful

Toby and Jeff take complicated tax situations and make it relevant to how I can implement these strategies in my business.

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