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IRA Financial Group Report Shows How an Individual 401(k) Plan Can Cut a Small Business Owner’s Tax Bill by up to $15,000 Annually

Friday, October 19th, 2012


Miami, FL (PRWEB) October 17, 2012

IRA Financial Group, the leading provider of self-directed individual 401(k) Plans, announces the results of an internal report that suggests that self-employed individuals and small business owners can reduce their tax bill for the 2012 taxable year of up to $ 15,000 by maximizing contributions to a solo 401K plan also known as an individual 401K Plan. The individual 401(k) plan will allow a small business owner to reduce his or her tax liability by as much of $ 15,000, significantly larger than any other retirement plan, stated Maria Ritsi, a paralegal with the IRA Financial Group. The individual 401(k) Plan can be used as a retirement vehicle as well as an investment vehicle, allowing a retirement holder to buy real estate and much tax-free, stated Ms. Ritsi.

In 2002, the Economic Growth and Tax Reconciliation Act granted the solo 401(k) equal benefits to a traditional 401(k), greatly popularizing the plan. The flexible retirement plan quickly gained widespread praise and recognition– mainly for its substantially higher contribution limits, which include employee deferral contributions as well as profit sharing contributions. For 2012, the maximum 401(k) plan contribution is $ 50,000 for individuals under 50 years old and $ 55,000 for those over 50 years old. Whereas, most corporate 401(k) qualified retirement plans only allow their plan participants, including executives, to make employee deferral contributions which is limited to just $ 17,000 for those employees under the age of 50 and $ 22,500 for those over 50 years old. The solo 401(k) plan also allows self-employed individuals, such as realtors to make non-traditional investments with their solo 401(k0 funds, including real estate. Whereas, the majority of the large corporation 401(k) plan only allow for traditional types of investments, such as mutual funds. The high contribution limitations couples with the investment opportunities provide self-employed real estate professionals with a far more attractive retirement option than most corporative executives, stated Mr. Bergman.

IRA Financial Groups solo 401K plan is unique and so popular for real estate professionals because it is designed explicitly for self-employed professionals. With IRA Financial Groups solo 401K plan, self-employed individuals or small business owners with no employees can benefit by making high annual contributions up to $ 50,000 – with an additional $ 5,500 catch-up contribution for those over age 50, make traditional as well as non-traditional investments, such as real estate, as well as borrow up to $ 50,000 or 50% of their account value tax-free and penalty free. IRA Financial Groups solo 401(k) plan is a trustee directed plan meaning the trustee and not the custodian is in charge of making investment decisions on behalf of the plan. With an individual 401K plan, in most cases the trustee will be the plan participant providing the plan participant with greater control and investment authority over his or her retirement funds. In addition, with IRA Financial Groups solo 401K Plan, the plan account can be opened at any local bank, including Chase, Wells Fargo, and even Fidelity.

IRA Financial Groups solo 401K plan is easy to operate. There is generally no annual filing requirement unless the fair market value of the assets in the solo 401K Plan exceed $ 250,000, in which case a short information return will be required to be filed with the IRS (Form 5500-EZ).

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 markets 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.







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Holloway Group Hosts Parade of Homes in Farragut’s Sheffield Subdivision Showcasing Knoxville Real Estate

Friday, October 12th, 2012


Knoxville, TN (PRWEB) October 09, 2012

The Holloway Group, a leading Knoxville real estate team from Gables & Gates, REALTORS in Knoxville, Tennessee, will be hosting the Knoxville homes for sale built by Schaad Residential Construction in the Knoxville Parade of Homes.

The Holloway Group has partnered with Schaad Residential Construction to market many of their newly built Knoxville homes for sale. The new construction Parade home built by Schaad in Farragut’s Sheffield subdivision is located at 12035 Inglecrest Lane, Knoxville, TN 37934, and is a great example of the quality, Energy Star Certified, home for which Schaad is known. The all brick, open floor plan, home features four bedroom, three and a half baths, and a bonus room. Other notable features included hand-scraped hardwood floors, granite counter tops, stainless steel appliances, gas cooktop, fireplace with built-in bookcases, wood staircase with wrought iron railings, main level master bedroom, and a covered veranda. Additional specifications that are conducive the the Energy Star Certification are the tankless water heater, closed and conditioned crawl space, and radiant barrier roof decking.

Troy Stavros, Broker and Partner in the Holloway Group at Gables & Gates, REALTORS says, “The Parade of Homes is a great opportunity given to the public each year to walk through new homes, at their leisure, and learn about the latest trends in home construction, energy efficiency, and interior design.” The 2012 Knoxville Parade of Homes locations are situated across the Knoxville area in Knox, Anderson, Blount, and Loudon Counties and encompass a wide variety of Knoxville real estate. With homes ranging from $ 148,000 to $ 1.6 million. The Knoxville Parade of Homes are currently open on Fridays, Saturdays, and Sundays through October 14th. The event is FREE to the public.

The Holloway Group is committed to bringing the best possible experience to fruition for Knoxville home buyers and sellers. At the Holloway Group we don’t believe average is good enough for our clients. At the forefront of the Holloway Group is experience. Our team was created to serve our clients even better with specialization and expertise. We know that individually we cannot be everything to everyone so weve come together as a group, bringing all of our different strengths, so you always work with the best. We pride ourselves on being ahead of the curve on technology and how it can serve our clients. When you are a client of the Holloway Group, you can expect to have our entire team of professionals working to fulfill your individual real estate goal.







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Holloway Group Educates Clients on the 3.8% Tax and How it Effects Knoxville Real Estate

Thursday, October 11th, 2012


Knoxville, TN (PRWEB) October 11, 2012

The Holloway Group, the leading Knoxville real estate team at Gables & Gates, Realtors is educating clients on the infamous 3.8% tax included in the Health Care Reform Act. Troy Stavros, Broker/Partner with the Holloway Group stated, “We felt the need to get the facts to our clients because of the extensive amount of misinformation floating around the web via websites and mass email. We want our clients to be informed so it can ease their minds and put to rest the rumors about the 3.8% tax.”

Here is the information given to Holloway Group clients:

If the client can add up all income from every possible source for the year and it equals less than $ 200,000 ($ 250,000 on a joint tax return), the tax does NOT apply.

The client will never pay this 3.8% tax while purchasing a Knoxville home or other Knoxville investment property, as it will never be collected as a transfer tax on Knoxville real estate.

The client will never pay this tax at closing when selling a Knoxville home or investment property. Any profit gained over the exclusion threshold at settlement is just added to the client’s gross income for the year.

If and when the client sells a primary residence, the client will still receive the full benefit of the gain exclusion on the sale of a Knoxville home. The gain exclusion equaling $ 250,000 (single tax return)/$ 500,000 (married filing joint tax return). Only if your capital gain (profit) on the sale is greater than these amounts will the client then include any gain above these amounts as income on a tax return. However, if the client’s total income (including the gain above the exemption threshold) is less than the $ 200,000 (single)/$ 250,000 (joint) amount, the tax does not apply.

The tax is not only for Knoxville real estate gain, but it applies to other types of investment income as well. If a client’s income exceeds the $ 200,000 (single)/$ 250,000 (joint) amount, then the tax will also be applied to capital gains, interest income, dividend income and rental income (after expenses).

No matter how much a client makes in other types of income, if there is no income from capital gains, rents, interest or dividends, the tax does not apply.

The equation that figures the amount of 3.8% tax due will always protect $ 200,000 ($ 250,000 on a joint return) of a client’s income from the 3.8% tax. (i.e. If the client is single and has a total of $ 205,000 income, the 3.8% tax would never be enforced on more than $ 5,000).

Sometimes it is easier to understand a concept by hearing someone speak about it, instead of reading the facts. NAR has an informative video explanation of the 3.8% tax produced by the National Association of Realtors featuring their Director of Tax Policy. For additional information a link can be found here to a brochure on the 3.8% tax provided by NAR.

The Holloway Group at Gables & Gates, Realtors is committed to bringing the best possible experience to fruition for Knoxville home buyers and sellers. At the Holloway Group we don’t believe average is good enough for our clients. At the forefront of the Holloway Group is experience. Our team was created to serve our clients even better with specialization and expertise. We know that individually we cannot be everything to everyone so weve come together as a group, bringing all of our different strengths, so you always work with the best. We pride ourselves on being ahead of the curve on technology and how it can serve our clients. When you are a client of the Holloway Group, you can expect to have our entire team of professionals working to fulfill your individual real estate goal.







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Million Dollar Luxury Golf Course Homes + Properties for Sale – AZ Real Estate by The Moen Group

Wednesday, October 10th, 2012

Arizona Luxury Golf Courses & Homes Video Exclusive! Take the Next Edge real estate tour of one of the finest luxury golf properties on the market. This spectacular magazine cover status luxury home has it’s own private park (must see), 2300 sq. ft. guest home, outdoor spa and shower, game room, car collectors dream garage… and that is only the beginning! The details: Hacienda de Suenos, “Estate of Dreams”; a rather fitting name for this spectacular home sitting on more than 2 scenic acres on the Lost Gold Golf Course at the base of the legendary Superstition Mountains. Located in the prestigious, guarded and gated community of Superstition Mountain, this Spanish Colonial is a standout. The majestic setting and impeccable interior design are so extraordinary; the home was featured on the ‘Street of Dreams Tour’ and has enjoyed magazine cover status and numerous television appearances. Highlights include: Main house, guest suite + guest casita in addition to 2300 sq. ft. guest house, outstanding golf course and mountain views, a huge private park, negative edge pool, outdoor spa and shower, game room, gourmet kitchen, hidden safe room, library, expansive outdoor living areas, rare mesquite ceiling beams and so much more. Video Copyright: Next Edge Video and nextedgevideo.com Luxury real estate video production for The Moen Group. All rights reserved. For more information on video of luxury homes for sale visit www.nextedgevideo.com Follow Next Edge Video on Facebook! http
Video Rating: 0 / 5

Success.org Millionaire Real Estate Agent Series Lesson #7 Hi, I’m Martial Arts Master Bill FitzPatrick and this is Millionaire Real Estate Agent Lesson #7 Millionaire agents are always alert and aware To get rich, you CAN’T sit on your ass in the office and wait for someone to walk in with a bag full of money Ain’t gonna happen You’ve got to be ambitious Get your ass up and start looking for challenges You seek opportunities to work hard You are constantly honing your skills – studying and researching You take action Yes, millionaire agents are like tigers always hunting And, there is nothing wrong with being hunger, going after the clients – going after the deals You are lean and mean You are focused on success You want your 6 great investment properties working for YOU – YOU will be rich – wealthy – a millionaire – a multi-millionaire – Your life will be filled with many wonderful options Follow the basic plan Get your 6 properties Get pay off your mortgages AND AND NEVER forget who is giving you money? Yes, your buyers and sellers – YOUR clients Yes, love your tenants – they are giving you money Yes, love your clients – they are giving you money Don Nardo knew this He made the equivalent of hundreds of thousands a year being of great service to his SMALL core group of 20 investors You CAN DO the same Here is millionaire agent thinking You are thinking “I’m going to get wealthy buying 6 properties and paying off the mortgages. I will do the same for MY small core group …
Video Rating: 5 / 5

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Artisan Business Group to host EB-5 investment and finance seminar in Washington, DC October 15, 2012

Monday, October 8th, 2012

Washington, DC (PRWEB) October 06, 2012

Artisan Business Group Inc., is to host an EB-5 finance workshop for EB-5 regional centers, commercial real estate developers and capital-seeking businesses in Washington, DC, October 15, 2012. The EB-5 workshop at Courtyard Arlington Crystal City Hotel/Reagan National Airport will exclusively focus on EB-5 regional center activities, project marketing and investor procurement in China and Korea.

The one day event will feature an honorary guest and speaker Mr. Charles Wang, Co-founder and CEO of GreenTech Automotive. The GTA has recently opened its manufacturing facility in Mississippi. GTA successfully raised EB-5 funding in China and other foreign countries. The GTA project is one of the very few manufacturing-related EB-5 programs that has successfully utilized EB-5 finance and created hundreds of American jobs in the U.S. Mr. Wang will share his personal story and insights of raising EB-5 capital for an All-American manufacturing plant in the state of Mississippi. Angelique Brunner, President of EB-5 Capital, will also be speaking at the event. Ms. Brunner is responsible for sourcing and structuring all projects for EB-5 Capital, including the Marriott Convention Center hotels and City Market at O Street Market in Washington, D.C, as well as the Sugarbush Ski Resort in Vermont.

Other VIP speakers include Brian Su, Artisan Business Group, Inc.; Jeff Carr, Economic & Policy Resources, Inc.; Kate Kalmykov & Steve Anpoell, Greenberg Traurig; Victor Shum, JMBM; Hong Yu, Wailian Overseas Group; Michael Gibson, USAdvisors.org; John Jiang, Micon International, John Li, EB5Supermarket, and David Hirson, Fragomen Irvine California Office.

The re-authorization of three years extension of the EB-5 regional center program has just been signed by President Obama. For more information and registration regarding the DC EB-5 seminar, please visit: http://www.EB5NewsBlog.org

Press Contact:

Mr. Tyler McKay

(217) 899-6661

Artisan Business Group, Inc.

http://www.EB5NewsBlog.org







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