How to Self-Direct my IRA or 401k

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You can actually invest in real estate, promissory notes, precious metals, cryptocurrency, small businesses, and concert tickets, or raw land. Your broker may tell you that you can’t do this and it’s prohibited. They’re blatantly wrong.

The Perils of Investing with Friends, Family and Church Members

perils of investing with friends family and church members

Every week our firm gets call from clients around the country who have lost money by investing with friends, family or neighbors they trusted—but who were not licensed to sell securities or did not properly document the relationship as a partnership.

1099 Rules for Business Owners in 2024

form 1099

Businesses will now file Form 1099-NEC for each person in the course of the payor’s business to whom they paid at least $600 during the year. This payment would have been for services performed by a person or company who IS NOT the payor’s employee.

The Most Common IRS Penalties and How to Avoid Them

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There are three (3) common IRS penalties that hit individual taxpayers the most. They can easily be avoided with a little planning. Listen…paying taxes is difficult enough, don’t add insult to injury by having to pay penalties and interest on top of income taxes. The Late Payment Penalty – Not paying what I owe by […]

How to Maintain My S-Corporation

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The S-Corporation can be a powerful structure and tool to save on self-employment taxes and can also protect a business owner’s personal assets from lawsuits that may arise from their operations.

When to use an S-Corporation

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Don’t underestimate the power of the S Corp and get a second opinion if anyone says an S Corp isn’t the best fit.