If you were born in 1952, or know someone who was, you better talk to your tax advisor immediately about the infamous Required Minimum Distribution (RMD) regulations. Beginning the year you turn 73 years of age, you are generally required to start taking withdrawals from your traditional IRA accounts and other similar accounts whether you want […]
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Special Alert to People Born in the Year 1950
The IRS, Your IRA’s, and You Congratulations, you will be 72 this year. You probably realize that you will be asked to start taking money out of your IRA’s this year. Yes, that IRS regulation that most Senior Citizens hate with a passion. You have to take money out (not Roth IRAs of course) and […]
FOR RESEARCH #2; Internal Revenue Service
Outstanding Source of Material – The Internal Revenue Service This URL should be in your special group; irs.gov. I use it all the time. In the recent past I have visited the site for information on Equity Sharing, Mandatory Distribution of IRA’s, Standard Deduction, 1031 Exchange, 2018 Changes, Tax Rates, Passive Losses, Residence Gain Exclusion, […]
Self-Directed IRA’s And Real Estate
Is It Possible To Purchase Rental Real Estate In A Self-Directed IRA? Yes. Is it difficult or time-consuming to form your own Self-Directed IRA for purchasing Real Estate? No, contact any professional provider. Is it simple to handle purchasing Real Estate in a Self-Directed IRA? Definitely not. There are many complexities and you will need […]