A little-known provision in the Internal Revenue Code lets you utilize funds in an IRA to purchase real estate.

 

Section 408 allows individuals to purchase land, commercial property, condominiums, residential property, or real estate contracts with funds held in many common forms of IRAs, including a traditional IRA, a Roth IRA, and a SEP-IRA.  Keep in mind that you cannot use the real estate for your residence or vacation home.  The first step is finding an independent IRA custodian that allows real estate investments to handle the transaction.  Since the custodian would actually hold title to the real estate, it is important to select a trusted, reputable organization with a strong track record.

 

 Full Article    Save Article  
 Email Firm  

Ownership of a business, whether formed as a corporation, limited liability company, limited partnership or professional corporation, can provide the owner with many financial opportunities both business oriented and personally. The business owner who uses these opportunities carefully, avoiding possible pitfalls, will reap the rewards of financial planning. This article will touch upon some of the general considerations to be addressed when a business owner implements his/her financial plan. They are: life insurance, buy-sell agreements, and the rules regarding transactions between the individual and the business such as leasing and loans.

 Full Article    Save Article  
 Email Firm  

What Is Title Insurance?

Title insurance is a one premium agreement to indemnify a policyholder against loss by both on-record and off-record defects found in the title or interest to real property and from the invalidity or unenforceability of mortgage liens.  It is meant to protect an owner's or lender's financial interest in real property against loss due to title defects, liens or other matters. It will defend against a  lawsuit attacking the title as it is insured, or reimburse the insured for the actual monetary loss incurred, up to the dollar amount of insurance provided by the policy.

 Full Article    Save Article  
 Email Firm  

Business owners often feel that they -- and the business -- will always be around.  But without some thoughtful planning about succession, it's common that businesses whither when the owner passes away or leaves.  Join Reager & Adler's Business Planning Group, Kern & Company, PC, a certified public accounting firm, and Roof Advisory Group, Inc., an investment advisory and financial planning services company, for a thought-provoking hour of information, networking, and light hors d'ouevres.

Click "full article" for registration details.

 Full Article    Save Article  
 Email Firm  

  Timely Opportunities

Who has access to the information on your tax return? In two developments, the IRS began an initiative to share more information with state governments, and announced new rules that limit what tax preparers can do with the facts and figures that appear on tax returns. Click "Full Article" for the details and what they might mean to you.
Copyright © 2009

 Full Article   Save Article   
 Email Firm   Get Trade Pubs

  Real Estate

Some commercial landlords have been hard hit by an economic slow down or other negative factors affecting the real estate industry. Here is one way to help protect yourself when leasing commercial space.
Copyright © 2009

 Full Article    Save Article  
 Email Firm    Get Trade Pubs

  Corporate, Capital & Tax

When a proposed merger is called off, a termination or break-up fee is sometimes involved. It is paid by the party canceling the deal to compensate the other party for out-of-pocket expenses and lost opportunity costs. How is the payment handled for tax purposes? The IRS provided some guidance in one ruling.
Copyright © 2009

 Full Article    Save Article  
 Email Firm    Get Trade Pubs

  Latest Business Headlines

Fewer dealerships a wrench in new mechanics plans?
sfgate.com - Sat, 4 Jul 2009 18:43:56 GMT

Three parties interested in Porsche stake: report
marketwatch.com - Sat, 4 Jul 2009 18:32:57 GMT

Spartan Stores to highlight 2,400 Mich. products
wtopnews.com - Sat, 4 Jul 2009 18:32:11 GMT

Debate Over Food Movie Misses Most Farmers
npr.org - Sat, 4 Jul 2009 18:25:29 GMT

Wife's Guilty Plea to Bribery Raises Question of What Rep. Conyers Knew
washingtonpost.com - Sat, 4 Jul 2009 17:48:50 GMT