Most Recent Attorney’s Blog Posts

  • Self-Directed IRA Top Ten Frequently Asked Questions and Answers
    It’s finally here. My self-directed IRA top ten list of frequently asked questions. Whether you’re just getting started or you’ve been investing with a self-directed account for decades, make sure you know the answers to these ten questions. In most instances, I’ve linked to more comprehensive articles and videos I have on the subject. And of course, you could always crack open the best-selling book on the subject for even more information and detail, The Self Directed IRA Handbook.   1. What is a self-directed IRA? A self directed IRA is an IRA (Roth, Traditional, SEP, Inherited IRA, SIMPLE) ... read more
    Source: Mat SorensenPublished on 2017-06-20By Mat Sorensen
  • Top Ten Frequently Asked Self-Directed IRA Questions (and Answers)
      It’s finally here. My self-directed IRA top ten list of frequently asked questions. Whether you’re just getting started or you’ve been investing with a self-directed account for decades, make sure you know the answers to these ten questions. In most instances, I’ve linked to more comprehensive articles and videos I have on the subject. And of course, you could always crack open the best-selling book on the subject for even more information and detail, The Self Directed IRA Handbook.   1. What is a self-directed IRA?   A self directed IRA is an IRA (Roth, Traditional, SEP, Inherited ... read more
    Source: Mat SorensenPublished on 2017-06-20By Mat Sorensen
  • How to Donate to Charity and Beat the Tax Man
    I have a close relative who works in fund-raising for a fairly large university.  While he loves receiving large charitable donations in the form of immediately available cash or other marketable assets (such as real estate and publicly-traded stock), he knows that such donations are often simply not possible or practical for the average person.  This is why a huge buzzword in the world of fund-raising for non-profits is “Planned Giving.” What Is “Planned Giving”? Planned Giving is the present day legal commitment by a donor to give some assets or property to a charitable organization or institution at a ... read more
    Source: KKOSLawyersPublished on 2017-06-20By Jarom Bergeson
  • How many properties should I put in my LLC?
    Every week, if not every DAY, one of the attorneys in my office is asked this question in a consultation. We take this seriously and have to think….Do we want to rip off our client, or give them the answer that is in THEIR BEST interest. A lot of workshop gurus, and ‘coaches’ working out of cubicles in Nevada (supposedly under the guidance of an attorney), will recommend an LLC for EVERY rental.  I truly believe this is NOT needed for the far majority of real estate investors.  It’s expensive, cumbersome and provides nominal benefit to many clients that just ... read more
    Source: Mark J KohlerPublished on 2017-06-13By Mark J. Kohler
  • 6 Tax and Legal Tips When Investing in Real Estate
    Sir Francis Bacon put it best when he said, “knowledge is power”.  Not only does he have a great last name but he gives good advice that applies to all facets of life including investing in real estate.  Whether you are new to real estate investing, or a seasoned investor, before you rush off to make your first/next real estate investment, consider the following tips all of which are to help you be strategic about investing in real estate the right way for your situation, i.e. knowledge is power.  With that in mind, here are six tax and legal tips ... read more
    Source: KKOSLawyersPublished on 2017-06-06By Kevin Kennedy
  • Roth Conversions: When You Should Convert Your IRA or 401(k) to Roth?
    Many Americans wonder when they should convert their IRA or 401(k) to Roth? If you have a traditional IRA or 401(k), then that money grows tax-deferred and you pay tax on the money as it is drawn out at retirement. On the other hand, Roth IRAs and 401(k)s grow and come out tax-free at retirement. Who could argue with that? Yet, most Americans have been sucked into traditional IRAs and 401(k)s because we get a tax deduction when we put the money in a traditional account, saving us money on taxes now. For more on the differences between Roth IRA and ... read more
    Source: Mat SorensenPublished on 2017-05-29By Mat Sorensen
  • What You Should Know about Administering a Family Member’s Estate
    Most of us will, at some point in our lives, be called upon to administer the estate of a departed family member or loved one. While it may seem like an honor to have been entrusted with this responsibility, the reality is often it is a thankless, time consuming job, and even more so if there are disagreements and disputes among the heirs or beneficiaries of the deceased. Being asked to shoulder the responsibility of administering a decedent’s affairs while still mourning their loss can be challenging. The precise rules and procedures that apply will depend on whether the decedent ... read more
    Source: KKOSLawyersPublished on 2017-05-23By Lee Chen
  • How to Fund Your Start-Up with Self-Directed IRA Investors
    There are 25 trillion dollars in retirement plans in the United States. Do you know that these funds can be invested into your business? Yes, it’s true, IRAs and 401(k)s can be used to invest in start-ups, private companies, real estate, and small businesses. Unfortunately, most entrepreneurs and retirement account owners didn’t even know that retirement accounts can invest in private companies but you’ve been able to do it for over 30 years. Think of who owns these funds: It’s everyday Americans, it’s your cousin, friend, running partner, neighbor…it’s you. In fact, for many Americans, their retirement account is their ... read more
    Source: Mat SorensenPublished on 2017-05-16By Mat Sorensen
  • Feds Make Change to Help Entrepreneurs Raise More Money
    Your federal government has modified rules making it easier to raise more money from so-called “unaccredited investors”. Under the updated rule, known as Rule 504, you can raise up to $5 million from unaccredited investors in a 12-month period. Prior to the 2017 update, you could only raise $1 million from unaccredited investors. The updated $5 million cap is available under Rule 504 offerings and should only be used when the offering is a private placement memorandum offering (“PPM”), where you aren’t marketing the offering to the general public but privately to know persons and contacts. The new $5 million ... read more
    Source: KKOSLawyersPublished on 2017-05-09By Jarom Bergeson
  • 5 Point Checklist to Keep Your Solo 401(k) Compliant
    Solo 401(k)s have become a popular retirement plan option for self-employed persons. Unfortunately, many of the plans are not properly maintained and are at the risk of significant penalty and/or plan termination. If you have a Solo 401(k), you need to ensure that the 401(k) is being properly maintained. Here’s a quick checklist to make sure your plan is on track. Is the Plan Up-to-Date? The IRS requires all 401(k) plans, including solo 401(k)s, to be amended at least once every 6 years. If you’ve had your plan over 6 years and you’ve never restated the plan or adopted amendments, it ... read more
    Source: Mat SorensenPublished on 2017-05-02By Mat Sorensen
1 2