Checkbook IRAs: Staying IRS compliant Waltham MA Black Diamond

4 Replies

  • 11/15/16 06:30PM
  • Garcia Brogan's 240 Moody St, Waltham, Ma
  • Free

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Self-Directed IRAs and Checkbook IRAs: How to color inside the lines, and the horror stories from when you don’t

We've all heard presentations on the wonders of self directed IRAs. And in fact they can be exactly that. And if your IRA owns an LLC, you can create what is called a Checkbook IRA. But what if you fudge the rules? How strict is the IRS about them anyway? Are prohibited transactions really a problem?

John Hyre is an accountant, a real estate attorney, a self-directed IRA expert, and a real estate investor himself. If you heard him speak at Black Diamond last time, you know he's also opinionated, political, vocal, and not shy. His presentations on taxes and keeping more of what you earn are liberally sprinkled with commentary on our tax system, our government and entitlements. You will be educated, amused, entertained and possibly infuriated, but never bored!

Here are some of the points he will cover:

  • Dos and Don’ts for Checkbook IRAs
  • Prohibited transactions and how to steer clear of them
  • How to deal with an audit:What do do when you get that letter, and what NOT to do
  • The nightmare that ensues when the IRS decides you have engaged in one of those “prohibited transactions”, aka Horrific Case Studies
  • Lots of Q&A

You can order drinks and dinner at the venue, before, during and after the event.  Parking out back is free after 5PM

Who: All are welcome, free to attend

What: The best real estate investing networking in Massachusetts, great topics, no selling speakers, no memberships, no meeting fees, no multi-level marketing.

Where: Garcia Brogan’s, 240 Moody St, Waltham, MA 02451

When: Tuesday November 15, 2016, 6PM Networking, 6:30PM Program starts

For those of you who attend Black Diamond regularly, our December event will ALSO be in Waltham, but will be on the 2nd Tuesday, 12/13.  I am creating a separate event posting for it, but wanted everyone to know it's not on the 3rd Tuesday, to avoid being too close to Christmas.

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