Professionals with experience

Tax Consultants for Self-Directed IRAs and Solo 401ks

IRA Tax Services is a leading provider of Tax planning services, UBIT analysis and tax preparation for tax-advantaged accounts generating Unrelated Business Taxable Income (UBTI). Retirement plans including, IRAs (both Traditional and Roth), SEP-IRAs, SIMPLE IRAs, 401(k)s, and other qualified plans may all owe UBIT, so don’t hesitate to reach out to us with questions.

Tax Planning

Once you start earning income from your rental real estate, or you receive a K-1 showing profit shares from your latest real estate deal, it’s important to understand how that income will impact your IRA’s tax situation. Tax planning is the best first step to avoid costly mistakes. At IRA Tax Services, we are leading experts in SDIRA tax planning and IRS penalty mitigation. We can help you estimate the tax impact of your investments and educate you on how UBIT taxes work so you have peace of mind when the income starts rolling in.

UBIT Analysis

Knowing when you should file can be tricky and sadly, many advisors get it wrong. If you have an IRA that utilizes a loan, or you receive a K-1 from an investment that uses debt-leverage or has Box 1 income, it is crucial to get an expert evaluation. Even if you’re not required to file, filing may be recommended to lock in losses that can be used to offset taxable income down the road. IRA Tax Services offers courtesy consultations, tax impact reports and deep insight regarding UBIT issues, so feel free to reach out with any questions you may have.

Tax Filing: 990-T, State, 5500-EZ & more

Whether you need a 990-T prepared for your SDIRA, a 5500-EZ for your Solo 401K, or state UBIT returns, IRA Tax Services is in your corner. And because we specialize solely on taxes for SDIRAs and related accounts, our fees are among the lowest around. We can also help you file past-due returns to get you back on track with your IRA’s tax compliance and we offer deep discounts for clients who need several years of preparation completed. 

Tax Clients & Testimonials

Join the hundreds of savvy investors who have chosen IRA Tax Services to guide them through the complex world of Self-Directed IRA Investments. Our vast experience and deep insight into rental real estate, real estate syndication deals and other UBIT issues are invaluable to our clients.

RICHARD C.

CALIFORNIA

★ ★ ★ ★ ★

I purchased 6 single family homes and 2 estate lots using IRA funds in 2009/2010. The homes were debt financed. My regular CPA was very hesitant to do the tax returns on the IRA properties so IRA Tax Services has submitted my (IRA) tax returns for the last 5 years. With the depreciation on the houses I was able to avoid any annual UBIT tax on the debt financed properties. I have since paid-off all of the mortgages on the 6 properties and will be able to avoid any UBIT tax if I sell the properties no sooner than 12 months after the mortgages have been paid-off.

R.Y.

COLORADO
★ ★ ★ ★ ★

As a investor using IRA funds to purchase real estate for 5+ years, and as a REALTOR® advising clients, we have exclusively used and referred IRA Tax Services to prepare the required 990-T tax report every year. We found that many accountants and tax professionals either do not offer to prepare these or charge exorbitant fees to do so. With our authorization, IRA Tax Services has access to our IRA real estate statements and saves us time, energy and funds by preparing the forms easily and quickly. They are a highly recommended service for those with self-directed IRA accounts.

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Our Services

UBIT Analysis & Form 990-T

IRA Tax Services has been studying, reviewing and specializing in the preparation of Form 990-T since its inception in 2003. Don’t just rely on your local tax advisor’s advice on this niche tax type, get in touch with IRA Tax Services for a courtesy review and tax impact report. Because we specialize in SDIRA taxes, you would be hard-pressed to find a more affordable, reliable and knowledgeable company to entrust with your IRA’s tax compliance.

State UBIT Returns

Whether or not a state UBIT return needs to be filed adds another layer of complexity to tax planning. If you own rental real estate in a state that has a separate UBIT return (such as CA, MN, AZ) or if your custodian holds your account in a state that requires a UBIT return, IRA Tax Services may be able to assist. We have prepared hundreds of state and local returns for investors and would be happy to evaluate your federal return for state compliance.

401(k) Services: Form 5500-EZ

If you have an existing one-participant 401(k) plan, sometimes known as a “Solo-K Plan,” with assets of $250,000 or higher, you are required to file Form 5500-EZ. The penalties for not filing are steep, but IRA Tax Services can help you navigate the filing of Form 5500-EZ, as well as educate you on penalty relief strategies and programs related to this form.

IRA Tax Penalty Relief

Because it can be so easy to overlook an obscure tax type like UBIT and form 990-T, when you do file past-due returns, you may face dreaded IRS penalties. Rest assured however, that IRA Tax Services has experts with backgrounds in IRS tax penalty resolution, who can advise you on strategies and programs to reduce or even eliminate assessed penalties. And we typically provide these services as a courtesy to all active clients!

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Our Team

IRA Tax Services has the unique ability to advise investors as both SDIRA industry insiders and licensed tax specialists. Our tax preparers have worked and been personally involved in all facets of the SDIRA investment world, so we understand from firsthand experience the issues that our clients face and concerns they often have. As CPAs and EAs, we are also tax experts at the highest level and solely specialize in SDIRA tax reporting to bring our expertise and support to investors across the United States and abroad.

Jacob Nelson, EA
READY TO SIMPLIFY YOUR IRA TAXES?

Contact Us for a Free Estimate

Whether you owe back taxes, need to file a current-year return or just have questions, IRA Tax Services is here for you. The best way to get in contact is to use the form below, or email jnelson@IRATaxServices.com and schedule a free consultation.



IRA Tax Services

19215 SE 34th ST #106-336
Camas, WA 98607
303.604.6466
jnelson@IRATaxServices.com