“Our tax consultation service is predicated on working with our clients to structure the most tax efficient self directed IRA real estate transaction,” stated Mr. Krokoff.
Miami, FL (PRWEB) October 23, 2011
The IRA Financial Group, the leading facilitator of the checkbook control self directed IRA has launched a new tax consultation services aimed specifically for the real estate investor. With the increase popularity in using self directed IRAs for making real estate investments, an increasing number of investors have been seeking expert tax consultation on better understanding the IRS rules surrounding the use of retirement funds for making real estate investments. As a result, the IRA Financial Group has designed a self directed IRA tax consultation service specifically for the real estate investor. “ Making a self directed IRA real estate investment requires the understanding of various tax rules which is crucial for confirming that the transaction is structured in compliance with IRS rules,” stated Scott Krokoff, a tax attorney at the IRA Financial Group.
When it comes to making real estate investments using a real estate IRA, the Internal Revenue Code does not describe what a self directed IRA could invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions. The purpose of these rules is to encourage the use of qualified retirement plans for accumulation of retirement savings and to prohibit those in control of self directed from taking advantage of the tax benefits for their personal account. “Our tax consultation service is predicated on working with our clients to structure the most tax efficient self directed IRA real estate transaction,” stated Mr. Krokoff.
Clients of the IRA Financial Group will automatically enrolled in our self directed IRA real estate tax consultation service. Each client will have direct and unlimited access to our in-house tax and ERISA attorneys. Each client of the IRA Financial group is assigned a tax attorney in order to ensure that the self directed IRA real estate transaction is established is in compliance with IRS rules. “Our clients have worked hard their whole life for their retirement funds and we are dedicated to offering individualized tax consultation regarding the IRS prohibited transaction rules”, stated John Turner of the IRA Financial Group. .
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP and Dewey & LeBoeuf LLP.
IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate tax-free and without custodian consent!
To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.