Latest Articles
PPP Forgivable Loans Will be Unforgiving for Many
From my article on Entrepreneur.com Many small business owners who have been approved for Paycheck Protection Program loans (“PPP”) are realizing that the loan isn’t as forgivable as they’d hoped. The amount a small business can qualify to have forgiven must primarily...
PPP Is Back With $310 Billion in Additional Funding, But Small-Business Owners Must Act Fast
From my article on Entrepreneur On Tuesday, the Senate approved an additional $310B of funding for the popular Paycheck Protection Program (PPP) loans for small-business owners, and the House is expected to approve the measure as soon as today. The original bill...
Roth Conversions: When You Should Convert Your IRA or 401(k) to Roth?
Roth conversions are popular in 2020. Many Americans are taking advantage of low account values (asset values are low from stocks to real estate) and are converting Traditional dollars and assets to Roth. Others are seeing themselves in lower tax brackets than usual...
$205 Billion of the $350 Billion Appropriated for PPP Loans Has Been Claimed
From my article on Entrepreneur. The American Bankers Association reported on April 12 that $205 billion of the $350 billion appropriated for Paycheck Protection Program (PPP) loans has been claimed. This number presumably represents applications that banks have...
How to Submit Your SBA PPP Loan Application and Calculate the Loan Amount
From my article on Entrepreneur. Many small-business owners are completing their Paycheck Protection Program (PPP) loan applications and are running into common questions and roadblocks. The immediate question right now revolves around two issues: First, how do I work...
How to Obtain an SBA Coronavirus PPP Loan and Have It Forgiven
From my article on Entrepreneur The number-one pressure on small-business owners right now is payroll. Whether you’re a sole proprietor one-person-show or a company with 500 employees, you’ve certainly felt the pressure. Maybe you’ve already stopped paying yourself,...
New Stimulus Bill Unlocks IRA and 401(k) Dollars for Financially Affected
From my article on Entrepreneur. The coronavirus stimulus bill signed into law on March 27 creates new exceptions that allow 401(k) and IRA owners affected by the pandemic to tap into their retirement accounts early. The new law increases the dollar amount you can...
2019 Tax Reporting for Your Self-Directed IRA
Self-Directed IRA investors must be aware of their self-directed IRA tax reporting responsibilities. Some of these items are completed by your IRA custodian and others are the IRA owner’s sole responsibility. Here’s a quick summary of what should be reported to the...
Biggest New Retirement Law in Decades Changes IRA Rules
The SECURE Act was signed into law by President Trump at the end of 2019, and makes sweeping changes to the laws affecting retirement plans, including IRAs. The law, known as the SECURE Act, is a mixed bag of good, bad, and ugly. This article breaks down the details...
New Solo 401(k) Contribution Deadlines: Rules, Steps, and Strategies
As 2019 comes to an end, it is critical that Solo 401(k) owners understand when and how to make their 2019 contributions. There are three important deadlines you must know if you have a Solo 401(k) or if you plan to set one up still in 2019. A Solo 401(k) is a...
Inherited IRAs: Requirements and Tips
If you've inherited an IRA from a parent or another loved one, it is likely that you have an Inherited IRA (aka, Beneficiary IRA). These can be powerful accounts, but you need to understand the Required Minimum Distribution ("RMD") rules for your Inherited IRA to...
New 2019 U.S. GAO Report on IRA Prohibited Transaction Exemptions
The Government Accountability Office ("GAO") issued their most recent report on self-directed IRAs and concluded that the IRS and DOL should do more to collaborate on prohibited transactions in IRAs. The report and the GAO's work was an excellent analysis of some of...
Published Work
VIP Contributor on Entrepreneur where I write on retirement, tax, and legal topics.
My article on real estate investment assigments was in Realtor Magazine, which is the largest real estate publication in the US
Attorney at Law magazine has covered my expertise and niche practice on Self-Directed IRAs in two separate articles
My article on how investors can purchase and sell crypto tax-free using a Roth IRA was featured at Cryptopedia.
