A FULL DAY CLASS to learn how to ETHICALLY AND LEGALLY hammer the IRA and PROTECT YOUR ASSETS.
Quickbooks for Investors
John will put his QuickBooks program up on the screen LIVE and walk you through the set up of a real estate company, step-by-step.
Then he will take you through simple accounting so you keep your records correctly:
- Funding the Company
- Getting Property Purchase and Sales "on the Books"
- Producing an Income Statement for Each Property
- Producing a Balance Sheet for Each Property
- How to record everyday transactions - like writing a check, recording a credit card purchase, or making a deposit.
If you are not keeping excellent records, you are subject to automatic IRS penalties, overpaying the return preparer and you can't plan to minimize your taxes and you can forget about your entity providing any asset protection.
Using Self Directed IRA & 401(k)s
- How one landlord got 50+ free & clear rentals in his Self Directed Roth IRA.
- How to grow a Roth with preferred dividends.
- How to invest your Roth in flips and not pay UBIT.
- John's favorite type of retirement account and why!
- The 2 top "Prohibited Transactions" that destroy Real Estate Investors' Self Directed IRAs
- Medical Tourism . . . Tax-free.
- Primary, secondary and university education and home computing needs . . . again tax-free.
Tax Deduction Best Practices
- When being classed as a "real estate professional" matters to you and how to qualify.
- The best ways to deduct meals, entertainment, and vacation-like trips.
- Accelerating Depreciation - HUGE for Landlords.
- Changes in IRS "substance over form" attacks.
- Why the "Dealer" issue is overdone.
- Reimbursing yourself from your business - the one thing most of you are missing.
- Converting personal use property, like college textbooks to business use.
- Filling your home with tax-deductible furniture.
- Renting your home to your business - tax-free.
- Have a pressing tax question, send them in to MAREI in advance and John will do his best to answer them.
Lunch will be included. Regular Price is $79 for MAREI Member and $99 for non-members. Add a family member or business partner for $20. Early Registration price through October 16th is $59 for MAREI Members and $79 for Non-Member.
John will also be bringing his 3 courses with him: