630-858-4663

P.O. Box 495 - Glen Ellyn, IL  60138

CCIA@CCIA-info.com

Workshop Date Change - Saturday, May 12, 2018


9am-5pm


Basic Bookkeeping

and

Tax-Free Investing & Planning Tips for

Real Estate Investors

Presented by Attorney & Investor John Hyre

NIU Naperville Campus



Attorney & Investor John Hyre is going to teach a FULL SEVEN HOURS on how to ETHICALLY and LEGALLY hammer the IRS AND protect your assets.  Wow... Seven Hours with a Top Notch Real Estate Attorney... what will that cost me?  Well, CCIA Members can get this sweet deal for a mere $99.  (And, non-members only pay $119).  What an Incredible deal!  Here is specifically what John will cover:

THREE AND A HALF HOURS OF RE BOOKKEEPING BASICS IN QUICKBOOKS

We’ll put QuickBooks up on the screen LIVE and set up a real estate company, step-by-step

Learn the SIMPLE accounting for:

  • Funding the company
  • Getting Property Purchases & Sales on the Books
  • Producing an Income Statement for Each Property
  • Producing a Balance Sheet for Each Property
  • How to record everyday transactions – writing checks, making deposits, etc.
If you are not keeping excellent books, you:
  • Are subject to AUTOMATIC IRS penalties
  • Are overpaying your return preparer
  • Cannot plan to minimize your taxes
  • Can forget about your entities providing asset protection
  • Don’t know your business!


THREE AND A HALF  HOURS OF TAX PLANNING QUESTIONS & ANSWERS

Self-Directed 401k’s, IRA’s, HSA’s & CESA Basics – the most powerful tax-planning moves out there:

  • How one landlord got 50+ free & clear rentals in his Roth
  • How to grow a Roth with preferred dividends
  • How to invest in your Roth in flips and not pay UBIT
  • My favorite retirement account type, and why it simply rules
  • The two top “Prohibited Transactions” that destroy Real Estate Investor's IRA’s
  • Medical tourism – tax-free.
  • Primary, secondary, university education, and home computing needs – tax-free.

Misc. Tax Planning Issues Relevant to REI, including, but not limited to:

  • When being classed as a “real estate professional” matters to you, and how to qualify
  • Best way to deduct meals, entertainment, and vacation-like trips
  • Accelerating Depreciation – HUGE for landlords (including massive opportunities in the new tax law)
  • Changes in IRS “substance over form” attacks
  • Why the “Dealer” issue is overdone
  • Reimbursing yourself from your business – the one thing most of you are missing
  • Converting personal-use property (e.g. – those college textbooks) to business use
  • Filling your home with tax-deductible furniture
  • Renting your home to your business – tax-free