By Adam Bergman The Internal Revenue Service (“IRS”) permits retirement accounts, such as an IRA, to invest in real estate and other alternative types of investments. As a matter of fact, IRS rules permit one to invest retirement funds in almost any type of investment, aside generally from any investment involving a disqualified person, collectibles,…
Many people assume IRA portfolios consist exclusively of stocks, bonds and comparable assets. They may not know they can diversify their IRA by investing in real estate. Investing in real estate with your IRA isn’t for everyone, but many people find it a wise investment. If you’re interested in investing in and rehabbing one or…
From Center for Online Education http://www.onlinecolleges.net/ An aggregate, college tuition has risen an astonishing 79.5% in the last decade ― nearly twice the growth rate of medical care during the same period and almost three times the increase of the general consumer price index. Textbook prices have also increased by a similar margin between 2003-04 and 2013-14. According…
Author: John Hyre Quick Synopsis An engineer from Phoenix made a living doing “Phase I” and similar types of environmental impact reports for purchasers of commercial properties. When the crash came, his services business declined. He started flipping properties and did quite well with it. Pursuant to the “advice” of a Check Book LLC promotor,…
The IRS requires you to distribute a portion of funds from your traditional IRA, SEP IRA, SIMPLE IRA, or 401(k) account. This is called a Required Minimum Distribution, or RMD. Click Here to see the latest RMD age requirement. Once you take a distribution, the funds are subject to tax and be included as income…
Most divorce agreements contain provisions for dividing marital assets. IRA accounts, because of their special tax status, must be treated differently than other types of financial assets. The following article attempts to explain how division of IRAs may be handled in the event of a divorce. I. Statutory Framework Section 408(a) of the Code provides,…
Elizabeth A. Cummings, CPA Do I need to obtain a Federal Identification Number for my IRA? Yes; in certain situations, not only is it prudent, but it may be required. For example, you may need one when: Purchasing any type of real estate or personal property through an LLC or directly Purchase of an interest in a…
By Bob Strzalka, CCIM With a lot of investors looking for a fixed return better than the readily available offerings in Treasuries, CDs and savings accounts, where can one look? A ready answer would be in the world of “Net Lease Investments”, also referred to as NNN or triple-net properties. A net-leased property consists of the…
What Is a Health Savings Account? A health savings account (HSA) is a tax-exempt trust established to pay qualified medical expenses incurred by eligible individuals enrolled in a High Deductible Health Plan (HDHP). HSAs have numerous tax advantages for both employees and employers, and are an important part of retirement planning. For those who qualify,…
What are the tax consequences of business formation, in general? When starting a business, you must consider a number of factors. One very important factor is taxation. Although business tax planning is a complicated area, the first step is to understand the tax consequences when the business is formed. Typically, the business owners will transfer…
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