Austin, TX · Member since 2014 · 22 posts · 0 votes
Hello,
I'm looking for a CPA preferably based out of Austin metro or at least Texas who specializes in Solo 401K. Need help around UBIT, real estate, etc.
I see the firm, IRA Financial Group (http://www.irafinancialgroup.com), offers direct CPA services in addition to helping setup accounts - does anyone have experience working with them in any capacity? I searched the threads on BP and there is not much feedback so far oon them.
I spoke with @Nathaniel Busch a few weeks ago about our returns and he provided a lot of solid advice. He should be someone you consider if you're okay with your accountant being outside of Austin.
I think you meant to say SDiRA not solo401k. I looked into SDIRA Services when they were downtown Austin, but I think they are in Waco now...or somewhere. But you might call them as they used to be local.
I meant Solo 401K - account was setup thru Sense Financial with @Dmitriy Fomichenkoand was hoping to find a local CPA specializing in planning around Austin.
@Account Closed is not local to you, but he can be great resource if you don't find someone local. He helped some of our other clients who are also not local to him, so the distance would not hinder his ability to help you.
Note that @Amanda Han has also been recommended for this of late. I did a call with her assistant last week about possibly engaging her services. So that is another option for folks looking for these services.
It would be helpful if people could share their experiences with any of the folks recommended in this thread so everyone on BP can have the best resources going forward.
I spoke with @Nathaniel Busch a few weeks ago about our returns and he provided a lot of solid advice. He should be someone you consider if you're okay with your accountant being outside of Austin.
As long as your not running a business out of your solo 401k you don't have to worry about UBIT. A Sdira can trigger UBIT if you have a loan but solo 401ks don't, but you cannot personally guarantee the loan. Some stuff on the forums get these completely different plans mixed up. While I do very little tax work anymore and am not taking any new clients I'm still licensed to practice and am very failure with real estate investing in qualified plans. Feel free to message me or call if you have specifics planning questions. Happy to give advice. Hope this helps, good luck!