All Forum Posts by: Dallas Waldon

Hello! My current pension plan is being closed and I would like to roll the capital into a self-directed IRA. At first, I planned on investing in stocks. However, I have a "side" business in which I buy and sell vacant land and it was difficult for me not to take out the money and deal with the tax consequences. So I came upon the idea that I could buy and sell real estate within the IRA. I would not be doing this through my business, I would be doing it through the IRA as myself or my husband. They are typically low-cost investments, so I'm not worried about the IRA running out of capital for the costs associated with the land. That being said, I know it is an untraditional route and I could run into problems if the IRS thinks I'm benefiting myself or my husband. Would it be a problem if I had my business advertising for the land sale, even if it goes through the IRA? Thank you so much for your expertise and opinions!

We hired an independent contractor from the Philippines through Upwork, but they withhold her payment for weeks and take a hefty percentage of her fee. We want to work around this by paying her directly, but I'm worried that the tax picture would become more complicated without a withholding company (which is what I'm assuming Upwork is). Has anyone hired out of the country? I want her to work more hours, but I also don't want the IRS to consider her an employee. Any thoughts? Thank you!!

Thank you Matthew! Great article!

We buy properties in various states and sell to people in different states and even countries, though we are located in CA. Obviously, CA isn't very business friendly, so I've heard other investors incorporate in Nevada. Thoughts? Has anyone done the same?