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Charitable Gift Options Using a Self-Directed 401(k)

Charitable contributions are a popular strategy among the wealthy for lowering tax payments. But this method isn’t exclusively for the Michael Dells and Kim Kardashians of the world. Investors from all income levels, including you,…

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Section 280A: Home Office Deduction Rules

Many people who have office jobs envy those who can work from home. If you’re a small business owner, freelancer, or kick-ass entrepreneur who uses a home office, you probably know that the truth is…

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Deadlines for Making Contributions to a Solo-K

Nobody loves them, but deadlines are nonetheless an important part of “adulting.” This is particularly true when it comes to your Self-Directed 401(k). If you have ever participated in a traditional employer-sponsored 401(k), you likely…

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How to Make a Lien Friendly and Protect Your Real Estate

Yes, there is such a thing as a “Friendly Lien”. This is a lien against your property held by a party who is friendly to you. Ideally the “friendly party” is an LLC or corporation…

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Top 3 Types of Tax Professionals Real Estate Investors Should Be Aware Of

When dealing with life’s only two certainties, it’s hard to tell which is more painful: death or taxes. Death is painful no matter what. But fortunately, there are ways to actually minimize the misery involved…

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Flipping Over Using an LLC for Real Estate Investments – Do It Strategically

Are you an investor who buys and sells properties? Do you deal in tax liens or deeds or engage in property investment activities in which you never hold on to property for longer than a…

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Beneficiary Mistakes — Self-Directed 401(k) or IRA

Designating a proper beneficiary is essential for retirement account holders to guarantee their interests will be served. Whether you’re using a Self-Directed IRA or 401(k), you want to ensure that you are doing the most…

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How a 401(k) Affects Real Estate Investors on Tax Day

You are probably already familiar with the benefits of a 401(k) for retirement planning. But did you know that using this type of account can also help you save on your taxes? In fact, there…

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Don’t Pay Taxes With Your Credit Card

If you have considered paying your taxes with a credit card, you’re not alone. The urge can be strong, if only because of the convenience factor. Some investors are tempted to pay this way in…

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Knowing the 2018 Self-Directed 401(k) Contribution Limits

Every year, the IRS updates contribution limits for the various types of…

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Real Estate Joint Venture Liabilities Likely to Get You Sued

Freddy Stein is an active real estate flipper making big moves in the Atlanta market. He currently has four properties he’s rehabilitating, all held under his corporation.  Bad idea! We always recommend that our clients…

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What Are The Tax Filing Requirements of a Partnership?

Partnerships, and LLCs taxed as partnerships (MMLLCs), do not pay tax at…

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401(k) Investment Options

For many individuals who want to plan ahead, a retirement account is one of the best means to save for the future. For most, an individual retirement account (IRA) or 401(k) plan are the primary…

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How to Pay for College With a Land Trust Investment

Whether you have kids now or plan to in the future, paying for college is an undertaking you should plan ahead for. Real estate investors should especially be aware of the options they have when…

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Advantages of a Self-Directed IRA

If you are looking to save money for your golden years, it…

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Three Reasons to Title Your Investment Property in a Land Trust and Not and LLC

In previous articles, we’ve discussed the main benefits of holding title to real estate investment property in a land trust. A land trust is just like a standard trust, except as the name implies, this…

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401(k) Loans and Prohibited Transactions

For those who want to save for retirement, a 401(k) account can help. If you are self-employed and do not have employees, you have the option of opening a self-directed 401(k) account. Unlike most company-sponsored…

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Self-Administration of Your Solo 401(k)

Self-administering a Solo 401(k) isn’t necessarily rocket science, but it does require strict compliance with both IRS and DOL regulations. Failure to comply can result in the IRS considering your retirement fund disbursed, penalizing you,…

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401(k) Contribution Limits In 2018

There is no doubt – the Internal Revenue Service (IRS) is the…

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“Life Cycle” of a 401(k) Plan

When we talk about 401(k) plans having a life cycle, we mean that as literally as it can be meant. They are born, they exist, and then they’re terminated. It’s a useful analogy because it…

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401K Plan Loans — Why 72(p) Can Assist Your Investments

People often wonder if they can borrow money from their 401(k) plans. The answer is yes, but there are a number of things to bear in mind when you do. Firstly, the money that was…

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Are Legal Expenses Tax Deductible for Real Estate Investors?

When it comes to legal expenses, what can and cannot be claimed as a tax deduction can be confusing. In fact, the answer really depends on the nature of the legal expense itself. Whether you’ve…

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401(k) Plans — Final Chance to File IRS Form 5500-EZ

If you have a self-directed 401(k), the Internal Revenue Service (IRS) requires you to report assets for accounts with more than $250,000 annually. This is done through the IRS form 5500-EZ. However, these are not…

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Land Trusts and the Garn-St. Germain Depository Institutions Act of 1982

As real estate investors ourselves, we understand how difficult it can be…

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Unpaid Debt Can Take Your Tax Refund as a Real Estate Investor

At Royal Legal Solutions, taxes are always on our minds. We know what you are thinking. Tax season is months away! However, now is the time to start paying down any unpaid debt you may…

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