Category: Checkbook Control Blog
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
Private Lending & Checkbook IRA/401K: How To Get Into Real Estate
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
Self-Directed IRA Custodians: A Comprehensive List
Tax Podcast: Optimizing Your Real Estate & Crypto Investments
In this episode of REAL ESTATE RADIO LIVE WITH JOE CUCCHIARA, we discuss different types of real estate investments, their respective tax treatment, and the importance of using the optimal tax entity to achieve the greatest tax savings for each. Tax entities for real estate investors are LLCs, partnership-LLCs, S-corps, and self-directed retirement accounts. Depending on the nature of your investment, you’ll want to use the appropriate business entity – or combination of entities – that will give you the best results.
We also discuss the tax treatment of Bitcoin and cryptocurrency transactions. Investors in digital currencies are surprised to learn that trading virtual currencies results in taxable income even before they cash out their holdings to dollars. For example, if you trade Etherum for Ripple, even though you receive no “fiat” (industry jargon for paper money) you still must pay taxes to the IRS on any gains, as outlined in IRS Notice 2014-21. Self-directed retirement accounts, such as Checkbook IRAs and Checkbook 401Ks, can eliminate the tax compliance burden and tax liabilities of crypto investing.
Crypto IRA and Crypto 401k Overview: Tax Free Bitcoin Interview
In this live radio broadcast, we discussed the fundamentals of Cryptocurrency taxation and tax-free Cryptocurrency retirement account investing. If you’d like to invest tax efficiently in Bitcoin (BTC), Initial Coin Offerings (ICOs), Bitcoin mining, and any other Blockchain venture, this podcast will give you the basics for doing so with Checkbook SDIRA and Solo 401K Plans.
The IRS published guidance regarding the tax treatment of virtual currencies in IRS Notice 2014-21. Cryptocurrency transactions, even when no “fiat” is received, are taxable events. For example, if a crypto investor trades Bitcoin for Ethereum, he may owe taxes on that trade – but the transaction will not have provided any US Dollars with which to pay the tax liability (the IRS does not yet accept crypto payment of taxes).
Crypto-mining has particularly unfavorable tax treatments as ordinary income. Self-directed retirement accounts, when properly structured, can be used to significantly improve the tax results of mining operations.
Self-Directed IRA & 401K Investor 2018 Tax Filing Calendar
Best Ever Real Estate Show: Checkbook Self-Directed IRAs and Solo 401(k)s
Check out this Best Ever Real Estate Show Podcast about self-directed retirement IRA and Solo 401K plans that we did with Joe Fairless, the Best Ever Team, and the Best Ever Listeners!
In the podcast, we cover some key Checkbook Control IRA/401k topics:
- What are self-directed retirement accounts?
- What are Checkbook Control retirement accounts?
- Why should I invest in real estate?
- Why should I use tax advantaged retirement accounts for real estate investing?
- How can I use self-directed IRAs and Solo 401K Plans for real estate?
- How can I leverage SDIRAs for private lending?
- What are Prohibited Transactions?
- What are UBIT, UBTI, and UDFI?
- How do I keep my SDIRA and SD401k compliant?
- What are some common IRA-LLC and Solo K Retirement mistakes?
- How can I avoid common self-directed IRA errors?
Checkbook IRA: Year-End 2017
Happy New Year to All Checkbook Control IRA Investors!
2017 was an exciting year – from the explosive emergence of Cryptocurrency to Tax Reform – we in the Self-Directed IRA community have had a stake in the evolution of the investment and tax landscape. In this post we’ll highlight how 2017 regulatory events relate to Checkbook IRA investors and provide some year-end IRA-LLC planning pointers. Continue reading “Checkbook IRA: Year-End 2017”
Checkbook Solo 401K: Year End 2017
Happy New Year to All!
2017 has been an exciting year for checkbook control – from the explosive emergence of Cryptocurrency to Tax Reform – we in the self-directed retirement community have had a stake in the evolution of the investment and tax landscape. In this post we’ll highlight how 2017 regulatory events relate to Checkbook Solo 401k investors and provide year-end tax planning tips.
Continue reading “Checkbook Solo 401K: Year End 2017”