Checkbook Control is being lauded as one of the greatest ideas for the IRA holder since the actual creation of the IRA. In this program, the underlying legal support for the “checkbook control IRA” is examined carefully with regards to its applicability and prudence for the average IRA holder. Understanding how this concept works is crucial, given the likelihood of your clients asking for ways to have ultimate control over the funds in their IRA.
Is “Checkbook Control” a good idea for your clients? Or should you handle this investment structure with care? Let Brad Burnett and Bill Humphrey give you the tools to help you decide.
I. Understand why individuals want “checkbook control”
II. Appreciate the benefits of internet advertising
III. Analyze the potential issues with checkbook control and know the administrative issues with checkbook control
IV. Recognize the tax and operating procedures with an IRA
V. Evaluate who can be an IRA owner
Bill Humphrey is recognized by professional advisors as an expert in the self-direction of IRAs and other tax-advantaged accounts as well as the associated IRS codes pertaining to these investments. Bill is also an experienced Certified Public Accountant who, over the past 20 years, has specialized in tax-related property issues and forensic accounting. He received his BS in Business from the University of North Carolina, Chapel Hill. Bill's graduate work included a concentration in finance and economics. He knows the ins-and-outs of IRA law and stays current with all legislation governing tax-deferred or tax-free retirement arrangements. Bill has also been a consultant to the HSA Insider, one of the largest clearinghouses of Health Savings Account information on the web. He became involved in real estate investing with his associate, Catherine Wynne, and assisted in developing the framework for debt-leveraged IRA real estate investment.
Bradley Burnett, J.D., LL.M., is a practicing tax attorney in Denver, Colorado with 32 years of taxpractice experience. His practice emphasis is on tax planning and tax controversy resolution.
Prior to establishing his own law firm in 1990, he practiced tax accounting with national and local CPA firms, worked as a trust officer for a Denver bank and managed the tax department as partner in a medium-sized Denver law firm. After receiving his undergraduate degree in accounting and law degree (J.D.), he earned a Master of Laws (LL.M.) in Taxation from the University of Denver School of Law Graduate Tax Program.
Mr. Burnett has delivered more than 2,800 presentations on U.S. tax law, tax planning and ethics to CPAs, attorneys, enrolled agents, civic groups and corporations throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored the texts of 30 CPE (or CLE) courses, authored and taught tax materials for Commerce Clearing House (CCH), Practitioner Publishing Company (PPC) and written articles for national and local tax journals over the past 28 years.
Bradley served for four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field. He has also appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9. Brad has received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top rated, most requested instructor for the Kansas Society of CPAs annual tax conference. Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion. His forte’ is the candid communication of practical ideas relating to tax law.
good use of examples and law
Very helpful info.
excellent--look for other component classes (3 or 4)---part of a series
Excellent and interesting seminar. Very informative.
Great and unique topic. very useful and novel.
Useful; well presented