Try Sameer Bhatia of BW Accounting, he's an investor and works with investors. His address is 15150 Preston rd #300, Dallas, Tx. I guess I can't post emails or phone numbers anywhere other than the market place. Good luck.
Steve Fuqua at Farmer, Fuqua and Huff. Located in Richardson. I am a real estate attorney/investor/lender. I use him and recommend my clients use him too. Everyone I refer is pleased.
Does anyone have an experiecne with the above recommended CPAs in the Dallas area in regards to self directed IRAs? I am looking for an expert CPA who also specialized in RE taxation and specifically for SD IRAs for guidance and tax planning/filing help in the Dallas area.
I got my questions re. SD IRA taxation answered. It appears that it can be straightforward processing based on the type of underlying investment.
The tax rate can be pretty high depending on the type of UBIT liability (longterm vs shorterm).
Another big concern I had was about the actual payment of taxes under UBIT/UDFI. In other words where do the funds come from?
The payment has to come from your IRA and IS NOT considered a distribution. In other words you will not be charged a penalty + tax for early withdrawal of IRA funds that are used to pay UBIT taxes.
I am not expert or professional in this matter. Just providing info here in case it helps someone..