47 minutes | Jan 20, 2020

EP 13: Bernard Reisz - What Everyone Should Know About QRPs & UDFI Tax

Bernard Reisz CPA is the founder of 401KCheckBook.com which gives investors direct control of their tax-sheltered funds for real estate equity and debt opportunities using checkbook controlled IRAs, QRPs, Solo 401K(s) and Checkbook Life Insurance. 


He's also the founder of AgentFinancial.com which provides tax strategy, entity, and financial services to real estate professionals, including real estate agents, real estate investors and mortgage brokers. 


SHOW NOTES:


[00:07:01] Bernard explains the different types of QRPs out there. 


[00:11:17] Bernard explains how to correct a mistake you make in a check book 401K.


[00:12:40] Bernard explains about prohibited transactions


[00:13:21] What are the differences between IRA and 401K? 


[00:15:02] Bernard explains the rules required to have a solo 401k.


[00:21:51] You have to include someone in a 401K plan only when they work a minimum of 1000 hours per year for your business.


[00:25:36] Traditional IRA, you can put in on an annual basis of $6,000. With QRPs, you can put in $56,000 a year


[00:26:33] Bernard explains UBIT and UDFI.


[00:30:49] Bernard explains how UDFI tax works.


[00:43:33] Cannabis businesses qualify for QRPs.


FOLLOW BERNARD REISZ:

Websites: https://www.401kcheckbook.com

LinkedIn: https://www.linkedin.com/in/bernard-reisz-cpa/

Consult and Free Entity Formation Call: https://bit.ly/2Rw9N1v

Email: Bernard@ReSureFinancial.com


Join our free Facebook Group at www.EastWestVentures.com/AIMS


Listen, subscribe, rate and review: 

Apple: https://apple.co/2BdPdeJ

iHeartRadio: https://ihr.fm/2MPxyAu

Sticher: https://bit.ly/2pUgd0v

Listen Notes: https://bit.ly/2JtpZxi

TuneIn: https://bit.ly/2NhRCe2

Support this show http://supporter.acast.com/the-real-estate-lab.


See acast.com/privacy for privacy and opt-out information.

Play
Like
Play Next
Mark
Played
Share