COVID-19 EP5: Dig into CARES Act and CARES Act 2

This is a long awaited session with my CPA, Thomas Jones, to really get all our questions answered about CARES Act and CARES Act 2. How does it really impact real estate professionals?

1. CARES Act and CARES Act 2 changes
2. What is this thing about the super rich being able to defer tax?
3. New 2020 guideline and things that multifamily or RE investors should look into.
4. How to best bookkeep your SBA loans if you got some?
5. Demystify how the real estate professional works and pros/cons being a real estate professional and qualifications. We will be doing a few scenarios to answer questions around that.

About the Speaker:
Thomas is a tax strategist for prestigious Sweeney Conrad, a local CPA firm that has been a leading locally owned Certified Public Accounting firm in the Puget Sound area for over 35 years. He provides strategic tax and accounting solutions for growth focused business owners. He serves closely held companies, healthcare practitioners, tech startups, online retailers, and high value real estate groups. He regularly advises on entity selection, self-directed retirement strategies, acquisition and sale planning, and consults on complex tax matters.

About the Host:
Elisa Zhang is the owner/principal of 1000+ unit apartment buildings via 1031 exchange and syndication. After quitting her day job to invest in real estate full-time, she is passionate about teaching others to do the same. She now focuses her time and expertise on helping typical nine-to-fivers to quit their job in 10 years or less.