" title="Kerr Law Associates"> Kerr Law Associates

Kerr Law Associates, P.C. will be hosting a webinar on Self-Directed IRA LLCs on January 17, 2013 at 12:00 pm.

In this webinar, we introduce the concept of using funds in your IRA to invest in an LLC. We will also explain the advantages of this particular method of investing with your IRA, and the step-by-step of how to proceed. Using an IRA LLC contains some pitfalls in the form of prohibited transactions, and we will explain what prohibited transactions are and how they can be avoided. We will also hold a brief question and answer session at the end of the presentation.

Join us by registering here.

As has become customary with Congress, it came down to the wire on New Year’s Eve, but a budget deal has been approved by both the House and Senate. President Obama is expected to sign the American Taxpayer Relief Act of 2012 this week. Below is a brief run through of some of the major points. In short, everyone’s taxes will be going up this year because of increased payroll tax rates, but the majority of the tax increases fall on “wealthy” taxpayers. As you’ll see in the sections below, “wealthy” taxpayers are those who make over $250,000 per year. Individuals earning over $250,000 and married couples earning over $300,000 will be subject to deduction limitations and the Medicare surtax on investment income from Obamacare, while individuals earning over $400,000 and married couples earning over $450,000 will be subject to deduction limitations, tax rate increases, and the Medicare surtax. (more…)