We had an amazing webinar on Wednesday and because it was so well received

We have decided to give you a replay for his weekend right here.

Let’s face it:

Banks have almost stopped lending money.

So it’s time to find another way to get deals done.

www.JackBosch.com/thenotebuyer

And as thousands of successful investors have discovered,
Donna Bauer’s approach to real estate investing is brilliantly
suited to today’s market and the shift toward alternative forms of financing.

Particularly if you are doing deals the landforpennies way
where you buy properties for pennies on the dollar and often sell
them with seller financing and create a highly profitable note. more…

Al Aiello. CPA and Bill Noll, CPA/Attorney

A Nuclear Private Document. The most important LLC document is the Operating Agreement (OA). It is the nuclear, governing instrument…mandating LLC business operations. Simply put, it is the heart of the LLC.

The OA Versus The Articles. The articles of organization, which is necessary for the filing of the LLC formation, is not a substitute for an OA by which the members govern the LLC business and their financial interest in the LLC. Moreover, the articles of organization is a public document, while an OA is private document. Therefore using the articles of organization as a substitute for an OA would surrender a great deal of privacy which is an essential part of total asset protection. Because the LLC’s articles of organization are available to the public, any provisions that are not required to be in the articles should not be, but can be in the OA, because it is not a public document, it’s private. However, any provision that the OA contains should not be in conflict with the formation state’s articles of organization. A properly designed OA would do this. Also, if there is a choice by state statute between amending the OA or the articles of organization, when such amendment is required, amend the OA not the articles, again for reason of privacy. more…

Al Aiello. CPA and Bill Noll, CPA/Attorney

In small businesses, owners often take a casual approach to paying bills – they view their pocketbook and the company’s as one and the same. Tax-wise, this can be risky, as demonstrated by some recent cases.

Here is the tax impact of an owner paying the business-related bills…

CORPORATIONS. With corporations, a shareholder who is required to pay business-related expenses without reimbursement from the corporation can deduct these costs only as a miscellaneous itemized deduction. This means that an amount equal to the first 2% of AGI becomes nondeductible. And, if the shareholder is subject to the alternative minimum tax, they lose any tax benefit from the write-off.

Tax Trap: A corporate resolution requiring a shareholder to pay certain expenses of or for the benefit of the corporation clearly establishes that they are the shareholder’s obligation. (That is, the expenses are deductible only on the shareholder’s personal tax return as a miscellaneous itemized deduction.) The shareholder cannot circumvent this rule by claiming a deduction on Schedule C of IRS Form 1040. As the Tax Court has now reinforced, the shareholder is not a sole proprietor, but rather a shareholder-employee whose un-reimbursed employee business expenses can only be claimed on Schedule A of Form 1040. more…

Albert Aiello, CPA, MS Taxation, RE Investor

Despite making it clear the significant tax disadvantages of S-corporations for real estate, I still get emails from my wonderful students about using an S-corp, erroneously recommended by their CPA, or their attorney or some asset protection person on the lecture circuit.

First off, when you evaluate any form of ownership or entity, you use the 3-prong approach which are the three sides of an entity –

TAX, IRS, LEGAL – instead of just one side such as the legal. Generally most of the monetary benefits or detriments will come from the TAX and IRS sides. more…

Albert Aiello, CPA, MS Taxation, RE Investor

A number of my students use a good bookkeeper who can do the following well and at much lower fees than a CPA:

__Use Quicken or even better QuickBooks to summarize your receipts, deposits and expenses from your checkbook and bank statements.

__Set up rental property expense categories according to the deduction line items on the IRS rental property schedules such as Schedule E, or on the highly preferred lesser audited partnership form 1065 (along with backup form 8825).

__Assist you with recordkeeping & management systems that pertain to real estate. There are a number of excellent recordkeeping programs that are specifically targeted for real estate recordkeeping and save a lot of time and accounting fees. Once set up these programs are fairly easy to use for you or your bookkeeper. See next for recommendations. more…

Albert Aiello, CPA, MS Taxation, RE Investor

Here is a quick overview…

AVOID IRS, LIKE THE BUBONIC PLAGUE! There are over 30 ways to reduce your chances of audit. One great way is staying off heavily audited schedules such as Schedule’s C or E and file as a partnership, form 1065, which is much less audited. Also refer to my Special Report, Powerful Insider Secrets To Avoid IRS Audits. Go to http://www.crecafe.com/al-aiello/#bio, scroll down to “MONEY-SAVING Reports”, down to the 5th report.

AVOID INEPT CPA’S, LIKE THE CURSE OF HELL! Bad tax advisors cause more investors to pay more taxes than the IRS can ever dream of. Ask your follow investors for some good prospective CPA’s who specialize in real estate. Get references and carefully screen them out. NO CPA? Like a bad tenant…having NO CPA is a heavenly dream next to having a bad one. Many of my students do not have a CPA or use one on a very limited basis. Instead they use a good home study course on real estate tax reduction along with tax preparation software (such as TurboTax). and perhaps with a good bookkeeper. They rave about how they legally save more money than they did previously with a CPA, but without the high fees. Now this is not for everyone. But if you do use a CPA, make sure that you have at least a general understanding of real estate tax law and that the CPA is working for you; because no one cares more about your money than YOU! Also refer to my Special Report, “80-15-5” – How To Determine The Competence Or Incompetence Of A Tax Advisor, Including Your Own. Go to http://www.crecafe.com/al-aiello/#bio, scroll down to “MONEY-SAVING Reports”, down to the 1st report. more…

Jack Bosch here with an important announcement.

You know that the vast majority of my sales of my 3197 land deals happened via Wholesaling.

My first property I bought for $400 and sold for $4,000
The second I bought for $500 (40 Acres) and sold for $9,500

Now this can be automated thanks to my buddy Zach Childress
and his brand new “Automated Wholesaling System” (AWS).

Zach and I are hosting a webinar tomorrow for the
Launch of his brand new limited edition

“Automated Wholesaling System”

http://events.jackbosch.com

I have seen it; I am one of the first to get it And you should to.
Because you can Wholesale land just as easy as you wholesale Houses.

But before, get all the details on what it does for you Here

http://events.jackbosch.com

And then act, because I am throwing in over $8,000 in bonuses
You have to buy through my link though!!!! more…

I have GREAT news and BAD news.

Great news:
3-Pay Available:
Just got word that Bob Diamon’s program on how to wholesale Commercial properties or buy it with no money down without credit or cash, is now available with a 3-pay option.

Bad News:
The program is coming down in just literally less than 2 days (on thursday night)

Therefore It’s action time.
Get it here now:
http://www.xbankattorney.com/a?p=a288&w=pw

Plus I am also making my bonuses only available for the next 7 people who order using this link
http://www.xbankattorney.com/a?p=a288&w=pw
So if you see my bonuses still up here you can still get them,
Get my $8,539 in bonuses now.
http://www.xbankattorney.com/a?p=a288&w=pw

Bob has created a brand new system that involves almost no risk, and it’s a completely new strategy…

And now you can get it here:
http://www.xbankattorney.com/a?p=a288&w=pw

Plus I am giving you a HUGE list of bonuses when you get Bob’s program:

But you have to purchase it through my link!!!! more…

Did I ever tell you the story of how I made a Million dollars in one day?

I will some day, but basically I tried something new and it
ended up making me a million dollars in one day.

The key to doing big deals is to do them without risk on your side.

When I did that back a few years I took on a LOT of risk.

But you don’t have to.

And that’s where our webinar on Monday 3/6 is coming in.
(and my $8,539 in bonuses, see below)

My friend Bob Diamond has created a brand new system that involves almost no risk, and it’s a completely new strategy…

And Monday March 5^th at 3:00 pm EST (that is Noon Pacific) as well as also at 9:00 PM EST (that is 6 pm Pacific)
Bob will come and tell you exactly how this works.

Register here:

********************************************
Date: Monday, March 7th 2011
Time: 3:00 PM Eastern time (= 12:00 Noon Pacific Time)
Register: http://events.jackbosch.com
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Or

********************************************
Date: Monday, March 7th 2011
Time: 9:00 PM Eastern time (= 6:00 Pacific Time)
Register: http://events.jackbosch.com
******************************************** more…