You have found attorney John Hyre’s website. John has 19 years of experience as a tax attorney/accountant and 14 years of experience as a real estate investor. A sampling of the services I offer and my contact information are shown below.
This website is still under construction. I shall periodically add articles and other content as time permits. Business is good and I spend my days helping IRA owners, real estate investors and small business owners with tax planning and tax conflicts. Website development comes a distant second, so it will probably remain sparse and primitive for the near future.
If you have not heard me speak, here’s a download of a presentation I gave at the Equity Trust Company Conference in 2014. It should give you a feel for my qualifications and approach. You’ll also learn a bit about prohibited transactions in your IRA (Code Section 4975) and UBIT (Unrelated Business Income Tax aka “IRA Tax”). While the subject matter is dull, I am not. Enjoy!
Overview of Our Services
IRA & Tax Planning
- Self-Directed: IRAs, HSAs (powerful Health Savings Accounts), CESAs (Education IRAs), and 401(k)s
- “Checkbook” LLC (IRA-Owned LLC) (we help you decide whether you really need one and review why they should NOT be self-managed)
- Screening deals for fatal prohibited transactions
- Discussing UBIT (IRA Tax)
- Planning the types of deals that can make a very small IRA into a large IRA without violating the tax laws
- With whom your IRA may partner (or otherwise do business) and how
- Planning & maximizing tax deductions
- Choice of entity
- Conversion of ordinary income into capital gains (when possible)
- Discounted notes
- Superior depreciation of rentals
- “Dealer” issues, including legally reducing social security taxes on flipping income
- Creative or unusual transactions such as: Subject-To, Lease Options (including sandwich & cooperative), Assignments, Tax Liens, Partial Notes, Participating Notes, Lonnie Deals aka selling mobile homes (“wobbly boxes”) on owner financing
Fighting the IRS
- Audit Defense (one of my favorite tasks)
- Tax Court (often well worth the cost after a bad audit)
- IRS Appeals (if the audit did not go well
- Fighting IRS Collections
- Negotiating Payment Plans (and sometimes getting the taxes lowered via an Offer in Compromise – but only sometimes)
© 2015 Hyre Legal Group, LP All Rights Reserved.