Every Checkbook Solo 401k investor is impacted by the tax innovation introduced by The Tax Cuts and Jobs Act. The key provision of Tax Reform for Solo 401k adopters to focus on is the new IRC 199A 20% Qualified Business Income – QBI – tax deduction. By definition Solo 401k and QBI go hand-in-hand – and a Solo 401k can help you maximize the value of this impactful tax deduction. Continue reading “Solo 401k & 199A QBI Tax Deduction”
Category: Checkbook Control Blog
Solo 401k Contributions: Understanding & Optimizing
Solo 401k contributions to a Checkbook-Control Qualified Retirement Plan – a Checkbook QRP – have multiple tax benefits: (1) They are tax-deductible, reducing your taxable income & tax liability to the IRS and (2) they grow tax-deferred, with no annual taxes on earnings and profits within the Solo 401k.
Tax-deductible Solo 401(k) contributions consist of 2 components: (1) Employee Elective Deferrals and (2) Employer Non-Elective Contributions (profit sharing). However, you may have heard various other terms used to describe 401(k) Plan contribution types. Following is a comprehensive guide to Solo 401k contributions, terms, and calculations. Continue reading “Solo 401k Contributions: Understanding & Optimizing”
Webinar: Self-Directed IRAs 101 – How To Use SDIRAs For Retirement Planning
Webinar: What’s a Checkbook 401k and How Can It Benefit Me?
Podcast: Solo 401k 2018 Year End Tax Strategy & FAQ
A Self-Directed Solo 401k With Checkbook Control is a powerful tax planning tool, providing $10,000’s – up to $122,000 of annual tax deductions. Since the passing of tax reform in 2017, the Checkbook 401k has become even more important, as a key tool for maximizing Section 199A Qualified Business Income 20% tax-deductions. For key 2018 year-end tax strategy and tips, listen to Commercial Real Estate Pro Network Show Episode 172: Solo 401K with Bernard Reisz and J Darrin Gross. Continue reading “Podcast: Solo 401k 2018 Year End Tax Strategy & FAQ”
Podcast: SDIRA Fundamentals & Advanced SDIRA Strategy
Fundamentals of IRAs Accounts, 401(k) Plans, Self-Directed IRAs, Self-Directed Checkbook IRAs, Traditional IRA, Roth IRA, Solo 401k Plans, Checkbook Solo 401k Plans…What are those and why does it matter? Bernard Reisz CPA and J Darrin Gross discuss the basics and advanced self-directed investing strategies on Commercial Real Estate Pro Network Radio Episode: Checkbook IRA with Bernard Reisz. Continue reading “Podcast: SDIRA Fundamentals & Advanced SDIRA Strategy”
Podcast: Checkbook IRA & 401k For Real Estate Syndicators
Real Estate Syndication and Checkbook IRAs & Checkbook 401(k) Plans are the perfect match! Real estate syndicators raise capital for real estate deals and Self-Directed Retirement Accounts could, potentially, provide ~$28,000,000,000,000 to investment sponsors. Checkbook Control Retirement Accounts are the ideal bridge between those that need investment capital and those that have investable tax-sheltered assets.
Both syndicators and passive real estate investors will benefit from education about the incredible opportunity presented by Self-Directed IRAs and 401k plans, as well as the IRS guidelines that govern them. For a syndicator-centric perspective of SDIRA and SD401k real estate investing, listen to this episode of The Real Estate Syndication Show, hosted by real estate investor and syndicator Whitney Sewell of Life Bridge Capital. Continue reading “Podcast: Checkbook IRA & 401k For Real Estate Syndicators”
Podcast: Everything You Need To Know About Self-Directed Retirement Investing
Get answers to the most common questions – and learn advanced strategies – related to Self-Directed IRA, Checkbook IRA, Self-Directed Solo 401k, and Checkbook 401k. Bernard Reisz CPA was interviewed by John Casmon of Casmon Capital for the Target Market Insights podcast to answer frequently asked questions about the use of tax-sheltered retirement accounts for real estate investing. Continue reading “Podcast: Everything You Need To Know About Self-Directed Retirement Investing”
Webinar: What is an SDIRA with Checkbook Control?
ReSure and the Lujan-Merriman Development Group, LMDG, collaborated to produce an incredibly informative webinar about Self-Directed IRAs and Checkbook Control. Get answers to the following questions: Continue reading “Webinar: What is an SDIRA with Checkbook Control?”
Solo 401k Podcast: How It Integrates With Your Total Tax Strategy
Great Solo 401k Checkbook podcast discussion with Mark Jensen, leader of the Mark Jensen Commercial Real Estate Team, in which we challenged standard tax and financial assumptions. If you’re in real estate sales, mortgage brokering, or get real estate management/syndication revenue, this one’s for you: Continue reading “Solo 401k Podcast: How It Integrates With Your Total Tax Strategy”
Private Lending & Checkbook IRA/401K: How To Get Into Real Estate Podcast
Just posted and already has hundreds of downloads! Listen at The Real Blue Spruce or download on iTunes. On this episode with Adam A. Adams, get answers to:
- What is real estate private lending?
- How can I earn passive income through private lending?
- What are the risks of private lending?
- What are some private lending strategies?
- How to protect your private lending investment?
- How can I invest in private lending TAX-FREE with a Checkbook IRA/401K?
- How can I leverage my IRA/401k to get into real estate investing?
- How can I leverage private lending to learn real estate?
Cryptocurrency Taxation: CPA Panel Discussion
Crypto tax topics addressed by the xCubicle-hosted CPA panel, in which ReSure was represented by Bernard Reisz CPA include:
- Crypto-to-Crypto Capital Gains
- Crypto-to-Fiat Taxation
- Taxation of crypto-gifting
- Taxation of crypto-mining
- Crypto-tax for non-US citizens
- Business entities for crypto-investing and trading – LLCs and C-corps
- Tax treatment of inherited cryptocurrency
- 1031 like-kind exchanges for crypto-to-crypto transactions: Utility Tokens vs Digital Currency (Bitcoin, Monero, Ethereum, Zcash, etc.)
- Tax Basis Calculations: FIFO, LIFO, HIFO, Specific Identification, Average Cost
- Taxation of ICOs – Initial Coin Offerings
- Hard Forks, Air Drops
- The Cryptocurrency Tax Fairness Act
- Ordinary income vs. short-term gain vs. long-term gain
- Tax-free retirement accounts (Solo 401K, Checkbook IRA-LLC) for crypto investing
- The IRS and Virtual Currency: Chainalysis, Coinbase John Doe Summons
- FBAR (FinCEN 114), FATCA