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Tax, SDIRAs & Cost Segregation
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User Stats

10
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0
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John Cava
  • Architect
  • Portland, OR
0
Votes |
10
Posts

Advisor or CPA for guidance in SDIRA issues

John Cava
  • Architect
  • Portland, OR
Posted

Hi - I have a single family house owned mostly by an Inherited SDIRA & a small percentage by myself as an in-kind distribution.  Overall behind in the process by about a year - just catching up now & could use some (paid) advice on how best to navigate the complications -Probably an hour or two's consulting, at the most. The attorneys who might be appropriate are in the $500-600/hour range which is a little steep for me at the moment (I'll be lucky to cover past debts), especially as they're not certain they'll be of use.  If anyone has a person or firm in mind that I could reach out to, I'd be grateful.  Does not have to be local, since these are mostly general issues, not State (I've used advisors in other states but for other issues).  Thanks, John

User Stats

18
Posts
3
Votes
Replied

Hi John,

Since your investment is in a SDIRA, have you contacted an ERISA attorney or just an attorney? Erisa's specialize in SDIRA issues. Not sure what your complications are. 

User Stats

4,968
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5,715
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Michael Plaks
Pro Member
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
5,715
Votes |
4,968
Posts
Michael Plaks
Pro Member
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied

@John Cava

I see major issues. Some SDIRA experts to ask if they can help:  @Dmitriy Fomichenko, @Bernard Reisz, @Brian Eastman

  • Michael Plaks
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    User Stats

    17,820
    Posts
    6,189
    Votes
    Dmitriy Fomichenko
    Tax & Financial Services
    Pro Member
    #1 New Member Introductions Contributor
    • Solo 401k Expert
    • Anaheim Hills, CA
    6,189
    Votes |
    17,820
    Posts
    Dmitriy Fomichenko
    Tax & Financial Services
    Pro Member
    #1 New Member Introductions Contributor
    • Solo 401k Expert
    • Anaheim Hills, CA
    Replied

    @Michael Plaks, thanks for the mention!

    @John Cava, feel free to contact me directly; I'll do my best to help and can offer a complimentary 15-minute consultation. 

    User Stats

    563
    Posts
    547
    Votes
    Bernard Reisz
    Pro Member
    • CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg
    • New York City, NY
    547
    Votes |
    563
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    Bernard Reisz
    Pro Member
    • CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg
    • New York City, NY
    Replied

    @Michael Plaks Honored by the mention. Thank you. 

    @John Cava While the ideal time to get unbiased professional insight is before the transaction, getting such advice can still be very impactful at this point.

  • Bernard Reisz
  • [email protected]
  • User Stats

    10
    Posts
    0
    Votes
    John Cava
    • Architect
    • Portland, OR
    0
    Votes |
    10
    Posts
    John Cava
    • Architect
    • Portland, OR
    Replied

    Thank you!  Will follow up for sure.