Business Accounting
Invested in Crypto? Here’s Everything You Need to Know About This Year’s Tax Rules
The IRS continues to issue updated guidance on all things crypto. We help you make sense of it.
Mat Sorensen
CEO & Attorney at Directed IRA & Directed Trust Company
Entrepreneur Leadership Network® VIP
Mat Sorensen is an attorney, CEO, author, and podcast host. He is the CEO of Directed IRA & Directed Trust Company, a leading company in the self-directed IRA and 401k industry and a partner in the business and tax law firm of KKOS Lawyers. He is the author of The Self-Directed IRA Handbook.
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More From Mat Sorensen
Business News
New IRS 1099 Rule for PayPal and Venmo Targets Very Small Businesses and Will Cause Misreporting and Errors
The IRS recently announced that payment apps such as PayPal, Venmo and CashApp will be required to issue 1099s to small businesses and self-employed persons. The problem is these taxpayers don't have accounting departments and professionals to rely on.
Business News
Non-Wealthy IRA Savers Who Invested IRAs Into Small Business, Startups and Real Estate LLCs Targeted in ‘Build Back Better’ Plan
The $3.5 trillion reconciliation package pending in Congress contains two sections that will affect anyone already invested in these assets.
Business Accounting
Tax Rules for Buying and Selling Bitcoin and Other Crypto
The IRS has given guidance twice on cryptocurrency tax issues.
Business News
New Stimulus Bill Includes Second Round of PPP Loans for Small Business and Forgiveness Rule Changes Favorable to Borrowers
Congress finally passed further Covid relief, and it potentially bodes well for a range of small businesses.
Business News
The IRS Increases 2021 Contribution Limits to SEP IRAs and Solo 401(k)s for Business Owners
HSA limits increase as well, while Traditional and Roth IRA limits remain unchanged.
Business News
SEC Expands Accredited Investor Rule
More investors will qualify to make investments into startups, venture companies and funds and private offerings.
Business Accounting
New Legislation Would Grant Automatic Forgiveness of PPP Loans Under $150,000
The smallest of small businesses may be able to avoid hassling with additional documents, worksheets and payroll/tax forms.
Business News
The July 15 Tax-Filing Deadline Is Approaching; New Retirement-Account Rules Can Benefit You
Most of the 2020 guidelines are in favor of savings-account owners and sole propietors.
Business Accounting
SBA Releases PPP Forgiveness Application and Makes Critical Clarifications and Documentation Requirements
There is now improved guidance on calculation methods, definitions of forgivable expenses and the documents that must be submitted with the forgiveness request.
Business Accounting
PPP Loan Developments: Only $120 Billion Left, Favorable Forgiveness Guidance from SBA and IRS Tax Pitfall
Round 2 of small-business funding is winding down, and business owners are now facing tough decisions.
Business Operations & Logistics
PPP Forgivable Loans Will be Unforgiving for Many
Business who don't bring back their entire workforce will have their eligible forgiveness amount reduced.
Business Accounting
PPP Is Back With $310 Billion in Additional Funding, But Small-Business Owners Must Act Fast
The new round will go even quicker, so those who missed out must choose the right bank and move immediately.
Business Legal
$205 Billion of the $350 Billion Appropriated for PPP Loans Has Been Claimed
Many small-business owners have yet to even apply and worry that funds will run out.
Business Accounting
2 Tax Attorneys Explain What You Need to Know About the Coronavirus Stimulus Loan
If you want to know more about the Paycheck Protection Program loan, check out this explainer made by lawyers.
Business Legal
How to Submit Your SBA PPP Loan Application and Calculate the Loan Amount
Getting a bank to take your app and tabulating the total should be your biggest concerns.
Business Accounting
How to Obtain an SBA Coronavirus PPP Loan and Have It Forgiven
It's the best funding option to keep employees on payroll and small businesses open.
Business Legal
New Stimulus Bill Unlocks IRA and 401(k) Dollars for Financially Affected
The $2 trillion relief package provides penalty-free early retirement-account distributions and increases loan limits.
