Tax Services for Self-Directed IRAs

Savvy Investments Require Savvy Tax Professionals

Are you feeling confused about the need for a retirement plan to pay tax? Need help determining if a tax could affect the return on your investment? You have found the experts that can help you understand the tax situation for your investment. Whether you need help filing actual tax forms or investigating impact before making a decision the experts at IRA Tax Services are here to help!

Not sure where to begin? A good first step is to watch our webinar on Unrelated Business Income Tax and IRAs.

IRA 1031 Exchanges

IRA Tax services provides consultation and filings related to tax deferred 1031 exchanges within IRAs when UBIT from the sale of the asset occurs. This strategy for the most part has been unknown in the IRA industry and has not been fully utilized by IRA investors. UBIT may be deferred or, in the case of the asset being debt free for the year, eliminated.

UBIT analysis

Analyzing rate of return for debt leveraged property within an IRA can be complicated, particularly if you are not able to calculate the expense of UBIT for the investment. This service is useful for those anticipating purchasing debt-leveraged property but are unsure of how to optimize the rate of return when including factors such as debt pay down, LTV, cap rate and mortgage interest.

990t Tax Forms

If your IRA is debt leveraged, invested in an operating business, in a real estate or mortgage fund, or invested in fixing and flipping real estate properties your IRA may owe Unrelated Business Income Tax (UBIT) on all or a portion of the profit. If you need help determining whether your IRA needs to pay UBIT or to file the tax form 990t for calculating and applying UBIT, then you need the tax professionals at IRA Tax Services.

 

UBIT - It's a Good Thing, It means you're making money!

Submitted by bhumphrey on Thu, 04/07/2011 - 21:55

While hearing that an IRA can owe tax on investment profit can seem scary at first, seasoned investors will stay the course to learn more. Keep in mind, that UBIT is only due when you're making money, and extra money at that! If you're feeling puzzled about when UBIT applies and to what degree, check out our UBIT information. If questions remain after reading, don't hesitate to contact us to assist with a UBIT approximation for your investment situation.

 

Beware of Working for your IRA

Submitted by bhumphrey on Thu, 03/31/2011 - 14:34

Checkbook Control Yes, but providing services NO.

 

A quick trip through the results of a Google search on “Checkbook Control IRA” reveals the incredible number of companies selling the idea of Checkbook Control for your IRA.   (Each, by the way, generally presenting the idea as if it was their own unique creation)  Yet not one caution that working for you IRA owned entity can lead to both a prohibited transaction (PT) and an excess contribution to the IRA.