Jan 25, 2018 | Blog, FAQ, White Papers
Now that we are into the New Year, savvy investors holding real estate in traditional IRAs are assessing whether now is a good time to convert those IRAs to Roth IRAs. The main reason investors consider converting is to place those retirement plans in a better tax position. Keep in mind that earnings on Roth IRA investments grow tax free as opposed to just growing tax deferred as in the case of Traditional IRAs.
Sep 18, 2017 | Blog, White Papers
By John “Jack” F. Kiley, CPA, CISP Partner / MidAtlantic IRA, LLC Partnering with your own Self-Directed IRA is just one strategy that I’ve seen more and more investors implement to try to help boost their retirement savings. Simply put, this strategy combines...
Sep 4, 2017 | Blog, White Papers
By John “Jack” F. Kiley, CPA, CISP Managing Partner / MidAtlantic IRA, LLC Periodically, the question arises of whether or not you should convert a Traditional IRA to a Roth IRA. Generally, clients must “crunch the numbers” to decide whether or not this makes...
Sep 4, 2017 | Blog, FAQ, White Papers
By John “Jack” F. Kiley, CPA, CISP Managing Partner / MidAtlantic IRA, LLC Setting up an Account: The first step is to establish a Self-Directed Retirement Account (IRA). This account may be a Traditional, Roth, SEP, SIMPLE or any other type of self-directed...
Sep 4, 2017 | Blog, FAQ, White Papers
By John “Jack” F. Kiley, CPA, CISP Managing Partner / MidAtlantic IRA, LLC I’ve come to notice that one of people’s main concerns when looking into investing with their Self-Directed IRAs is not how to go about doing so, but how to spot a scam throughout the...
Sep 4, 2017 | Blog, FAQ, White Papers
By John “Jack” F. Kiley, CPA, CISP Managing Partner / MidAtlantic IRA, LLC Here’s what you need to know before getting started: The Wholesaling Process Wholesaling is the process in which your IRA account takes control of a property, which you have no intentions of...
Oct 2, 2014 | Blog, Tax Bites
This year, trusts are subject to the 39.6% ordinary-income rate and the 20% capital gains rate to the extent their taxable income exceeds $12,150. And the 3.8% net investment income tax applies to undistributed net investment income to the extent that a trust’s...
Oct 2, 2014 | Blog, Tax Bites
If you’re considering donating a property to charity, here are some possible tax traps you should be aware of: If you donate real estate to a public charity, you generally can deduct the property’s fair market value. But if you donate it to a private foundation, your...
Sep 4, 2014 | Blog, Tax Bites
Now’s the time of year when many young adults are heading back to college — or to enter their first year of higher education. If you have a grandchild enrolled in college this fall and you’re concerned about gift and estate taxes, you may want to consider paying some...
Sep 4, 2014 | Blog, Tax Bites
An employer enjoys several advantages when it classifies a worker as an independent contractor rather than as an employee. For example, it isn’t required to pay payroll taxes, withhold taxes, pay benefits or comply with most wage and hour laws. However, there’s...
