Monthly Archives - November 2021

Checkbook LLC’s Just Took a Major Hit in Tax Court

Please share this far & wide, it has massive implications for SDIRA investing with "Checkbook LLC's". This is not a proposed law. This is a Tax Court ruling and is, therefore, the law today. Here are the basics: The taxpayer had an LLC 100% owned by her IRA. She was the manager. The LLC bought gold coins and stored them in...

IRS Dedication More Attorneys to Attach Syndicated Conservative Easements!

IRS Dedication More Attorneys to Attach Syndicated Conservative Easements! by John Hyre The IRS announced (informally, at a CPA conference) that it is dedicating more attorneys to go after and litigate syndicated conservation easements. In such cases, syndicators acquire property in an LLC or LP, contribute a portion of it to a non-profit for natural or historical conservation purposes, and...

Let the Business Teach You

Let the Business Teach You by Tony Youngs When I first got into real estate, I chose to start with pre-foreclosures. I learned that banks and lending institutions would auction houses off to the highest bidder at the courthouse steps in the county where the property was located. I also learned that you could buy these houses directly from the...