Advanta IRA Administration Hosts CPE Class for Certified Public Accountants with Self-Directed IRAs as a Hot Topic

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Healthy retirement portfolios depend not simply on the investor, but also his or her financial advisors. As self-directed IRAs become more popular, knowing about them gives certified public accountants an advantage in being able to offer clients sound investment advice.

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Learning about self-directed IRAs increases the knowledge CPAs have regarding tax-free and tax-deferred investment income available to their clients.

Investors utilize the services of CPAs to ensure proper filing of income tax returns. Investors also seek appropriate investment advice from these professionals, as well as information regarding how potential investments may affect their taxation rate.

"It is critical for CPAs to know and understand the aspects of their clients’ investment portfolios," says Jack Callahan, Managing Partner of Advanta IRA Administration. In the current economy, investors are becoming more strategic in planning for successful financial futures. Savvy investors are taking full advantage of the investment opportunities self-directed IRAs offer. Clients of Advanta IRA make investments in real estate, mortgage notes, precious metals, businesses, foreign exchange and other alternative investments self-directed IRAs allow.

Advanta IRA is a self-directed IRA account administrator, but does not give investment advice. However, CPAs can and do provide advice for their clients. "Learning about self-directed IRAs increases the knowledge CPAs have regarding tax-free and tax-deferred investment income available to their clients," says Callahan. In these ever changing economic times, more investors are looking for better ways to build wealth in their retirement accounts. Self-directing may be the answer for many investors.

One focus of Advanta IRA is to educate professionals in a variety of fields. Relative to CPAs this two-hour course includes the following topics:

  •     How learning about self-directed accounts enables you to become a valuable resource for clients
  •     How to educate existing clients who may be interested in self-direction and who are already investing in alternative investments
  •     What types of accounts can be self-directed
  •     What investments are made in a self-directed IRA and the rules regarding tax-deferred and tax-free investment income
  •     What types of investments in IRAs can incur Unrelated Business Income Tax and how tax professionals can help clients with this relatively unknown tax
  •     Our role, as well as the roles of the client and the tax professional throughout the investment process

Event: CPE Class for CPAs: The Potentials and Pitfalls of Self-Directed IRAs
Date: December 17, 2013
Time: 11:00am – 1:00pm
Location: 3525 Piedmont Road, NE, Bld. 8, Ste. 101, Atlanta, GA 30305
Register: Before 5pm on December 16th by contacting Teresa Chin by phone at (678) 513-8913 x 1147, or by emailing tchin(at)advantairagroup(dot)com.

About Advanta IRA

Advanta IRA Services, located in Largo, Florida, has been in operation for over 10 years, providing administrative service to owners of self-directed IRAs throughout the Tampa Bay and Sarasota, Florida regions. Advanta IRA Administration offers a second location serving the Atlanta, Georgia area and surrounding regions. Both offices are managed by Jack Callahan, J.D., CFP™. Advanta IRA offers classes, seminars and other educational tools designed to assist clients in managing self-directed IRAs by investing in real estate, notes, private placements and other non-traditional assets that have the potential to maximize IRA earnings on a tax-free or tax-deferred basis.

About Jack Callahan

Jack M. Callahan, J.D., CFP™, is the managing partner at Advanta IRA Services in Largo, FL and Advanta IRA Administration in Atlanta, GA. Jack established the corporate office, Advanta IRA Services, in 2003. Prior to that, Jack delivered specialized counsel to real estate investors, small business owners and real estate professionals on tax, legal and financial matters. As an industry expert, Jack is a frequent speaker on the topic of self-directed retirement plans and an accredited continuing education instructor for the Florida and Georgia Bar Associations, Florida and Georgia Real Estate Commissions, and The American Institute of Certified Public Accountants. He earned his bachelor of science degree in finance and multinational business from Florida State University and his law degree from the University of Florida College of Law.

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