Posts Tagged ‘Take’

Fad

Thursday, July 31st, 2014


Miami, Florida (PRWEB) June 09, 2014

June 12 marks the start of World Cup 2014 and, to celebrate Fad

Battiata Real Estate Group Reviews How long a Short Sale Will Take

Monday, May 12th, 2014

http://battiata.com Battiata Real Estate Group Reviews How long a Short Sale Will Take in San Diego California. If you are considering listing your home with…
Video Rating: 0 / 5

This Week’s Hot Home News: New Florida Condo Where Owners Can Take Their Car to the Penthouse Under Construction – Jack Klugman’s California Horse Ranch Auction July 27

Friday, July 26th, 2013


Pompano Beach, FL (PRWEB) July 22, 2013

This week, TopTenRealEstateDeals.com takes a look at a new Florida condo building where owners will be able to take their car up to their living room – even the penthouse. Also, the July 27th auction of the California estate that TV’s “The Odd Couple” star Jack Klugman built to be near his horses.

Take Your Car to the Penthouse

Gil Dezer loves his collection of eight silver Porsches. So much, in fact, that he is probably the only person in the world with a full-sized Porsche hanging on a wall in his home as art. As a developer during the housing lull, he had time to do some creative thinking about future projects for the recovery of the market. The end result is the Porsche Design Tower now under construction on the ocean in Sunny Isles, Florida, near Miami Beach.

Porsche Design Group, originally catering to people with a love of high tech engineering, began designing cars in 1931 that provided the world with the ultimate form-function equation. With that success, it ventured into luxury fashion, luggage, accessories and more, attracting buyers from Porsche car owners, wannabe owners and people looking for innovative design. Now Porsche Design Group, in collaboration with Mr. Dezer, has created a high rise oceanfront condo that will take their owner’s cars to the front door. Even the penthouse!

Construction recently began on the 57-story, 132 unit condo tower on Collins Avenue, just north of Miami Beach. This is no ordinary highrise with great views, since one of the views – regardless of which floor owners might live on – will be of their car parked outside the front door. Going home to these condos doesnt require getting out of the car until it’s at the owner’s living room door. Arrival is via a glass elevator rising at 600 per minute above terra firma. The Porsche Condos range in size between 4,300 square feet to over 10,000 square feet and a penthouse over 14,000 square feet, and prices ranging from $ 4.7 to $ 13 million.

According to Robert Walsh, project director at TopTenRealEstateDeals.com, luxury condo construction and sales are booming in Sunny Isles and much of South Florida. Many of the new buildings are experiencing presales as early as two and three years before the completion date. In addition to the Porsche Design Tower, the Mansions at Acqualina is also under construction with 79 units and prices starting at $ 8 million and penthouses from $ 20 million to $ 55 million. Chateau Beach Residences will include 84 homes starting at $ 1.4 million and a two-story penthouse with a private swimming pool for $ 25 million. According to Walsh, all three projects are already over 50% sold out with estimated completion dates between 2014 and 2016.

Jack Klugman’s California Auction

Award winning star of stage, film and television, Jack Klugman is best known for his role in The Odd Couple, one of the 1970s most popular TV shows. Klugman was also a big fan of thoroughbred racing, engaging in breeding and racing his own horses. During this time he built a horse training facility on 40 acres in the wine country of Temecula, California, to train his own horses. When his horse, Jaklin Klugman, came in third in the 1980 Kentucky Derby, he said it was the biggest thrill in his life.

Jack’s Temecula horse breeding and training facility took up most of Klugmans free time so he built an 8,920 square foot Spanish-style home there in the grand old Hollywood tradition. The home has 5 bedrooms and 8 full baths with large spaces for entertaining both indoors and out. The main living area has vaulted beamed ceilings and a large curved staircase to the open second floor. Also on the property are four guest homes, a five hole golf course, pool and cabana, a koi pond, a vet clinic as well as barns, two riding arenas and multiple stalls.

Jack Klugmans thoroughbred ranch was previously listed at $ 12 million. The opening auction bid on July 27th will start at $ 2.99 million.

Real estate is never boring at TopTenRealEstateDeals. Check out today’s most entertaining and unusual real estate news stories of the week. News such as America’s top ten bargain mansions, government lighthouses for sale and JFK’s home collection.

Top 10 lists are available to media outlets for publication. TopTenRealEstateDeals free celebrity & famous home photos available at: http://bit.ly/toptenmedia.







Self-Employed Individuals Failing to Take Advantage of Solo 401(k) Plan Tax Credit, According to IRA Financial Group Tax Attorney

Tuesday, March 12th, 2013


Miami, FL (PRWEB) March 06, 2013

IRA Financial Group, the leading provider of Solo 401(k) Plans has seen an increasing number of self-employed individuals and small business owners using the retirement savings credit as an incentive to establish a solo 401K Plan in 2013. Under the retirement savings contribution credit, retirement plan participants (including self-employed individuals) who make contributions to their plan may qualify for the retirement savings contribution credit. The maximum contribution eligible for the credit is $ 2,000. To take the credit, the individual must use IRS Form 8880, Credit for Qualified Retirement Savings Contributions. Under the retirement savings contributions credit, an individual may be able to take a tax credit of up to $ 1,000 ($ 2,000 if filing jointly) for making eligible contributions to a Solo 401(k) Plan, stated Adam Bergman, a tax attorney with the IRA Financial Group.

To be eligible for the Credit for Qualified Retirement Savings Contributions

The individual claiming the credit must be: (i) age 18 or older; (ii) not a full-time student;, (iii) not claimed as a dependent on another persons return; and (iv) with an adjusted gross income not more than: $ 57,500 if your filing status is married filing jointly (for 2012; $ 59,000 for 2013), $ 43,125 if your filing status is head of household (for 2012; $ 44,250 for 2013), or $ 28,750 if your filing status is single, married filing separately, or qualifying widow(er) (for 2012; $ 29,500 for 2013).

The amount of the credit one can get is based on the contributions made to the solo 401(k) plan and the individuals credit rate. The credit rate can be as low as 10% or as high as 50%, stated Adam Bergman, a tax attorney with the IRA Financial Group. The Qualified Retirement Savings Contributions credit is applicable to contributions made to the Solo 401(k) Plan and does not include rollover contributions, stated Mr. Bergman.

The following example illustrates how the Qualified Retirement Savings Contributions credit works. Tom is self-employed and has a small consulting business. Tom is married and earned $ 30,000 in 2012. Toms wife is unemployed in 2012 and did not have any earnings. Tom contributed $ 1,000 to his Solo 401(k) Plan in 2012. After deducting his Solo 401(k) Plan contribution, the adjusted gross income shown on his joint return would be $ 29,000. Tom would be able to claim a 50% credit, $ 500, for his $ 1,000 Solo 401(k) Plan contribution. Many eligible self-employed individuals who qualify for the credit aren’t benefiting because they are not aware of the available credit, stated Mr. Bergman.

IRA Financial Groups self-employed 401(k) Plan was designed to offer investors a diverse and wide array of investment opportunities for their retirement funds. Clients can purchase stocks, mutual funds, precious metals, real estate, and much more. In addition, the Solo 401K Plan account can be opened at any local bank and financial institution, including Fidelity, Scottrade, TD Ameitrade and more . In addition, IRA Financial Groups Solo 401(k) Plan will allow a self-employed individual or small business owner the ability to defer up to $ 51,000 ($ 56,500 for someone over the age of 50), as well as gain the ability to borrow up to $ 50,000 tax and penalty free and use the loan proceeds for any purpose.

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, Dewey & LeBoeuf LLP, and Thelen LLP.

IRA Financial Group is the market’s leading checkbook control Individual 401(k) Plan Facilitator. IRA Financial Group has 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 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.