CP2000 for a Backdoor Roth Conversion

If you’ve received a CP2000 notice for a backdoor Roth conversion, there’s a good chance you haven’t done anything wrong. The IRS sometimes has trouble tracking these transactions, so you’ll just need to provide an explanation to the IRS to get things sorted out.

Read More

What are the Tax Rules and Advantages of a Real Estate IRA?

Whether you’re looking to take advantage of the real estate market, want to diversify your retirement savings, or don’t trust the stock market but want to take advantage of the tax benefits of an IRA, a real estate IRA might be for you. There are several differences in how a real estate IRA and brokerage IRA work, so it’s important to do your homework before diving in. This post explains who investing in real estate in your IRA can benefit you and the rules you need to be aware of to do it right.

Read More