Mat Sorensen

Mat Sorensen

Entrepreneur Leadership Network VIP
CEO & Attorney at Directed IRA & Directed Trust Company

About Mat Sorensen

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.

More From Mat Sorensen

News and Trends

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.
Stimulus

SBA Approves Simple 1-Page PPP Forgiveness Application for Loans of $50,000 or Less

The new guidelines remove calculation requirements and simplify supporting-document rules.
News and Trends

SEC Expands Accredited Investor Rule

More investors will qualify to make investments into startups, venture companies and funds and private offerings.
Stimulus

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.
News and Trends

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.
Recovery

New PPP Law Extends 8-Week Period and Reduces Percent Payroll Cost Rule

Senate passes House bill that eases restrictions on how long businesses have to spend funds and how they can allocate them.
Stimulus

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.
Recovery

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.
Crisis Management

PPP Forgivable Loans Will be Unforgiving for Many

Business who don't bring back their entire workforce will have their eligible forgiveness amount reduced.
Recovery

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.
Stimulus

$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.
Crisis Management Series

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.
Stimulus

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.
Stimulus

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.
Stimulus

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.