Tax Cuts and Jobs Act: Key Provisions
For individual taxpayers, most Tax Cuts and Jobs Act provisions will apply only for 2018 through 2025. But they’ll generally have a big impact during that time.
401(k) Contribution Limit Increases for 2018
The contribution limits for a couple of types of tax-advantaged retirement plans have gone up for 2018. How much should you contribute?
Year-End Charitable Giving in 2017
The charitable donation deduction hasn’t been proposed for elimination or reduction under tax reform, but there still are reasons to maximize charitable giving this year. Just be sure to follow the rules.
How to Partner with Your Own Self-Directed IRA
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...
Does Converting to a Roth IRA Make Sense for You?
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...
How to Purchase Real Estate Using your MidAtltantic IRA Plan
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...
Three Steps to Take Before Investing with your Self-Directed IRA
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 process....
Did you know that Wholesaling Real Estate Could help grow a Self-Directed IRA?
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...
Softening the Blow of Higher Taxes on Trust Income
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...
Three Potential Tax Traps When Donating Real Estate to Charity
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...