THIS CLASS IS SOLD OUT
Basic Bookkeeping For
Real Estate Investors &
How to Invest RE via an IRA or 401(k)
with John Hyre, Attorney, Account & Investor
A Full Seven Hour class to learn how to ETHICALLY and LEGALLY hammer the IRS AND protect your Assets.
3 1/2 HOURS OF RE BOOKKEEPING BASICS IN QUICKBOOKS
We’ll put QuickBooks up on the screen LIVE and set up a real estate company, step-by-step.
Learn the SIMPLE accounting for:
• Funding the company
• Getting Property Purchases & Sales on the Books
• Producing an Income Statement for Each Property
• Producing a Balance Sheet for Each Property
• How to record everyday transactions – writing checks, making deposits, etc.
If you are not keeping excellent books, you are subject to automatic IRS penalties, overpaying your return preparer, cannot plan to minimize your taxes, and can forget your entities providing asset protection.
3 1/2 HOURS OF IRA/401(k) QUESTIONS & ANSWERS
Self-Directed 401k’s, IRA’s, HSA’s & CESA Basics – the most powerful tax-planning moves out there including, but not limited to:
• How one landlord got 50+ free & clear rentals in his Roth.
• How to grow a Roth with preferred dividends.
• How to invest in your Roth in flips and not pay UBIT.
• John’s favorite retirement account type, and why it simply rules.
• The two top “Prohibited Transactions” that destroy REI’s IRA’s.
• Medical tourism – tax-free.
• Primary, secondary, university education, and home computing needs – tax-free.
Misc. Tax Planning Issues Relevant to REI including, but not limited to:
• When being classed as a “real estate professional” matters to you, and how to qualify.
• Best way 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 (e.g. – those college textbooks) to business use.
• Filling your home with tax-deductible furniture.
• Renting your home to your business – tax-free.
• Send in questions ahead of time as to non-entity issues, John will answer most of them.