Your Source for Tax Knowledge!  








 
   
 
         
   
IRAs and Retirement plans are your domestic tax havens. Why go offshore when everything you could possibly want is available in the form of a retirement plan?
  • Swanson V. Commissioner
    Interested in moving half a million dollars into your IRA in a very short time frame? Here's a court case that allowed one person to do exactly that, and the IRS was even forced to pay over $50,000 in attorney's fees for challenging him.
  • DOL Interpretive Ruling 2000-10A
    Want to enter into a partnership with your IRA money and children? Here's a ruling from the Department of Labor saying if you do things right this could be possible.
  • Ancira V. Comminsioner
    Want to invest in private companies with your IRA money but are worried about following all the intricate steps? Here's a case where everything was done wrong, but the court still allowed an IRA to invest in a private company without any tax consequences.
  • DOL Advisory Opinion 88-18A
    Here's a ruling where an IRA owner had his IRA make a loan to a corporation owned 47% by him. Sure beats dealing with a bank.
  • Private Letter Ruling 8604089
    Want to start building up a real estate empire? This ruling from the IRS shows how you can structure real estate deals in your IRA.
  • IRS attack on Abusive Roth IRA Transactions
    It seems that the IRS is starting to believe that the Roth IRA is too good to be true. To that end they released this notice saying they believe that certain transactions between a Roth IRA and related parties will be considered as Tax Shelters.

Another difference between death and taxes is that death is frequently painless.

"If you think education is expensive, try ignorance."
-- Derek Bok

"Education is a progressive discovery of our own ignorance"
--Will Durant

 
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