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Tax Reduction Expert Explains How to Put Rental Real Estate Properties inside an IRA to Potentially Boost Returns
Tax reduction expert Murray Bradford has encouraged small business owners to read "How Self-Directing Your Retirement Plan Can Work to Your Benefit," an article of his available at the Tax Reduction Letter.
SAN RAFAEL, CA, February 09, 2009 /Accounting PR News/ -- Tax reduction expert Murray Bradford has encouraged small business owners to read "How Self-Directing Your Retirement Plan Can Work to Your Benefit," an article of his available at the Tax Reduction Letter:
http://www.taxreductionletter.com/175tp.php
Observing that an IRA's performance depends totally on the investment rate of return, Bradford noted in this article that the tax law alternative of funneling real estate rental properties into a self-directed IRA, rather than a traditional IRA, may give the potential of a significant increase in the value of the IRA, especially during these difficult economic times.
"Many individuals who own businesses also own rental real estate," said Bradford. "Because you can find bargains in rental real estate, the idea is for the IRA to buy rental properties as IRA investments. This strategy places all aspects of the rental properties inside the IRA, including capital gains, passive losses and depreciation recapture. In these volatile times, the real estate option may well produce better results than the typical mutual fund or stock investment."
Publisher of the Tax Reduction Letter (http://www.taxreductionletter.com) every month, tax reduction expert Murray Bradford, CPA, has years of experience in developing and implementing small business tax reduction strategies. A former accountant for Price Waterhouse, Bradford is founder of several tax reduction strategies businesses. Quoted in national publications such as The Wall Street Journal and on national programming such as Financial News Network and CNBC, Bradford has helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His popular courses provide actionable small business tax advice.
Real estate and retirement investments continued to stumble, according to various news reports and announcements. For instance, national housing prices fell an average of 10.6 percent for the full year 2008, according to research from real estate analytical firm First American CoreLogic, whose news release went on to note that this represented the largest decline in more than 30 years:
http://www.facorelogic.com/newsroom/pressreleasedetails.jsp?id=9782
Furthermore, on Feb. 2, Forbes reported that "stock prices are back down to where they were a decade ago," a scenario apparently flummoxing even Berkshire Hathaway, whose shares have lost about 40 percent of their value, noted the article.
"Take advantage of tax law incentives," said Bradford. "Small business owners need to examine their IRAs and retirement plans just as they would any other investment. When making this examination, small business owners should seriously consider the possibility of adding rental real estate to their retirement portfolios. Inside the IRA, this real estate is just like other rental real estate, and yet IRA owners can avoid paying taxes on it as income. In trying economic circumstances, the best tax strategies are typically the innovative ones."
Bradford again announced his newly available "Tax Strategies for the Self-Employed (2009)":
http://www.taxreductionletter.com/mbh1
The annual course is designed to help one owner and husband-and-wife businesses navigate the maze of rules they must follow to properly determine and report their income. The annual tax reduction course reveals 171 tax lowering strategies that draw on Bradford's expertise from 30 years in accounting. Readers may order Bradford's tax-saving course now:
http://www.bradfordandcompany.com/Products/On-the-Go.html
Possessing expertise in just about every aspect of taxes for small business, Bradford provided a tutorial on incorporation on YouTube, walking viewers through the questions they should ask themselves before they decide whether or not to convert to an S Corporation:
http://www.youtube.com/watch?v=NONt54CDR3s&feature=channel_page
About Murray Bradford, CPA, Tax Reduction Expert
Tax reduction expert Murray Bradford, certified public accountant and publisher of the monthly Tax Reduction Letter, has years of experience in developing and implementing small business tax reduction strategies. Following nine years at Price Waterhouse, where he twice enjoyed the distinction of being selected to serve in the firm's Washington, D.C. national office, Bradford launched his tax reduction strategies businesses to focus on lowering taxes for one-owner and husband-and-wife businesses. Bradford has since helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His courses, including "Murray Bradford's Tax Strategies for the Self-Employed (2009)," are veritable goldmines of actionable small business tax advice. The news media regularly turn to Bradford for his tax strategy expertise, which he has shared in print publications and on radio and television programming, such as "CBS News Nightwatch," Financial News Network, KCBS, KGO-TV, KGO-radio, WFAN, WABC-TV, Fox, NPR, CNBC, The Wall Street Journal, The New York Times, Changing Times, Chicago Tribune, Money, Fortune and USA Today. A former Marine and author of several books, Bradford is an active member of the American Institute of Certified Public Accountants, the California Society of CPAs, the Minnesota Society of CPAs, and the Greater Washington, D.C. Society of CPAs.
Readers may view a further bio of Bradford at the following URL:
http://www.taxreductionletter.com/http:/www.expertclick.com/ProfilePa ... al=19-3541
They may also turn to Bradford's TaxStrategies Blog (http://www.taxstrategies.wordpress.com/) and YouTube page (http://www.youtube.com/user/taxreductionexpert) for his latest thinking on matters tax-related.
Forward-looking Statements
This news release contains forward-looking statements relating to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent Tax Reduction Letter's beliefs regarding future events. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue", similar words or the negative thereof, or variations of such words and phrases that certain actions, events or anticipated outcomes "may", "would" or "might" be taken, occur or be achieved. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur.
Results discussed herein could differ materially from those expressed or implied by such statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Unless otherwise stated, all forward looking statements speak only as of the date of this press release. Tax Reduction Letter does not undertake, and specifically disclaim, any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
The media may contact either of the following individuals:
Robin Smith
Regional Resource Manager, Tax Reduction Letter
7 Mount Lassen Dr., Ste. C258
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rsmith AT bradfordandcompany DOT com
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Robin Smith
Tax Reduction Letter
Regional Resource Manager
7 Mount Lassen Drive, Suite C258
San Rafael, CA
United States 94903
Voice: 415-446-4346
Fax: 415-446-0127
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