Real Estate In Your IRA – How Not To Do It
Mr. Dabney honestly believed that the purchase was appropriate, even going to the trouble of obtaining a scrivener’s affidavit when he discovered that the property had been titled in the wrong name. He ensured that the funds were wired directly from the Charles Schwab IRA to Chicago Title when he first purchased the Brian’s Head property and directly back into the IRA after he had sold the property. Furthermore, the property was undeveloped, and Mr. Dabney ensured that it was being held solely for investment purposes.
Although he was mistaken in his understanding of the law, it was reasonable under the circumstances for Mr. Dabney to believe that he had not received an land.
Warning to Occupy Wall Street – Rape Can Still be Part of the Penalty
This was originally published on forbes.com on October 8 2011. It is a guest post by Tom Cahill. There are three words that I considered cutting, but left alone,...
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.