Tax Tuesday #160: Updates on CashApp and Real Estate Gift Taxes according to the latest IRS Regulations
13:01 My parents want to gift me their rental house. They still owe $42K to the mortgage company. What is the best way to inherit this house? How would we deal with the gift tax? Gift tax explained in this question. 57:51 How will the new IRS rule on third-party payer apps (such as Venmo, CashApp, Zelle, etc.) affect landlords who collect rental payments via a phone number or email that's linked to one bank account? Welcome to the another episode of Tax Tuesday! Join the next Tax Tuesday LIVE bi-weekly at 👉 Toby Mathis, Esq. answers these questions along with Jeff Webb, CPA and more during this episode of Tax Tuesday, a bi-weekly FREE LIVE webinar event. Claim Your FREE 45 minute Investment Strategy Session to receive business planning tips and a clear investment strategy. 👉 0:00 - Intro 8:16 - If you have a solo 401k, can you lend money to a friend or 3rd party as they are not a disqualified person with no limitation like the $50,000 limi...