Articles

We have a special surprise for the Dallas SDIRA Workshop Attendees this weekend May 6 & 7: Quest IRA Founder and Uber-SDIRA-Geek Quincy Long will be joining us for at least part of the event. Get two SDIRA brains for the price of one – and as a bonus, watch Quincy & John do Geek Battle on SDIRA’s.

For those of you who have listened to Quincy aka “Dr kNOw”, you understand that he really knows his stuff and revels in SDIRA edumakashun.  Between John & Quincy, you should be in for quite a treat and… Continue reading

$513,801 vs $51,215 per year in retirement income – Tax Free vs. Taxable Alone Accounts for that Difference – See the Simple Math

Everyone knows that “tax-free investing” is much better than “taxable investing”. But most people do not really understand just how vast the difference is. And because they do not grasp the sheer magnitude in play, they… Continue reading

IRS Gets Its Wings Clipped on Roth IRA’s and “Substance Over Form” Doctrine

The 6th Circuit recently released a case that is good news for taxpayers on several levels. In Summa Holdings, the Court ruled that a Roth-IRA-owned Corporation to which the Roth owner fed business and used to stuff his Roth IRA… Continue reading

Real estate entrepreneur pays obscene taxes after typical “Checkbook LLC” arrangement blows up; some notes on “dealer” status & other flipper tax issues

Quick Synopsis

An engineer from Phoenix made a living doing “Phase I” and similar types of environmental impact reports for purchasers of commercial properties. When the 2008 crash came, his business declined. He started flipping properties and did quite well… Continue reading

Service Providers Can & Will Destroy Your IRA

I have started to notice a disturbing pattern: Service providers destroying their clients’ IRA’s. Nothing speaks like examples, I shall provide two that I have seen in the last year. I have edited the facts for the sake of privacy.… Continue reading

The Thiessen Tax Court Case – Loan Guarantees = Prohibited Transactions & Other Lessons

The basic lesson:

Do not guarantee loans for your IRA, or for any entity owned by your IRA. A corollary would be: Do not use IRA property to secure a personal loan. Get qualified, objective help when entering into IRA… Continue reading

Speech to ETC re: Prohibited Transactions

If you have not heard me speak, here’s a download of a presentation I gave at the Equity Trust Company Conference in 2014.  It should give you a feel for my qualifications and approach.  You’ll also learn a… Continue reading

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