Real Estate Accountant in a Box
You’ll spend hundreds of thousands of dollars for your real estate investment property.
How much are you willing to do to protect it?
Imagine Having the World’s Most Experienced Real Estate Tax & Asset Protection Team in Your Pocket!
There are three main reasons to invest in real estate.
Passive Income | Appreciation | Tax Benefits
Protect those advantages! You need experience and strategy on your side.
That’s me. I’m Diane Kennedy, a CPA, Tax Strategist, real estate investor and business owner. I’ve been fortunate to work as a personal CPA to some of the nation’s wealthiest real estate investors and was one of the first Rich Dad Advisors to famous financial guru Robert Kiyosaki.
My team of CPAs and I have advised thousands of real estate investors on how to legally pay less tax, reduce your IRS audit exposure and set up the best business structures for your real estate investments.
Yes, we’re real and we’ve written best-selling books and hundreds of articles on specific tax and asset protection issues for real estate investors.
The biggest “a-ha” I got was how extremely knowledgeable Diane is. I need a mentor for creating wealth, and while I’m willing to take steps, I’m not always sure what steps to take! — D. Bronaugh, Overland Park, KS
Knowledge is Power. I’m excited to have made contact with someone that truly knows what she’s talking about. I’m tremendously encouraged and excited to have found you. – Marjorie S, Indiana
The Truth About Real Estate Investing
Let’s get real about real estate. In today’s economy, there is good news and there is bad news.
There is a fortune to be made in real estate right now.
And there’s a fortune to be lost, if you don’t protect your assets and protect your bottomline.
Some of this you can do-it-yourself on and for some of it you’ll have to bring in experts.
I know some of you don’t have a lot of time to waste, so let me cut right to the bottom line.
We know what we’re doing.
We’ve helped lots of real estate investors just like you, in good times and in bad times.
Face it, you may not be able to spend thousands of dollars on experts for your team right now. Now, you have a solution.
You can have your VERY OWN Real Estate Accountant to protect your assets, ensure your record-keeping is what you need and that you’ve legally taken the best tax deductions without risking the IRS’s ire. And you can get that help for a ridiculously low price.
But ONLY if you act within the next few days. After that, this offer goes away.
Over $1,300 in value, just $497 for a limited time
The Real Estate Accountant in a Box includes:
- Tax & Asset Protection Quick Start Guide $67
- Choose the Right Business Structure for You $99
- IRS Survival Guide for Real Estate Professionals $99
- Operation Guide for LLCs with Real Estate Investments $199
- Tax Implication of Real Estate Losses $199
- Tax Benefits From Your Home $99
- Tax Strategies for Real Estate Investors $99
- The Distressed Realty Survival Guide $49
- The Series LLC: The Ultimate in Business Structure Flexibility $99
- Easy Accounting for Real Estate Investors $199
- Bonus #1: Quick Tricks to Track Expenses $49
- Bonus #2: Insider’s Guide to Tax-Free Real Estate Investing $25
Over $1,300 in value for just $497, but only for a few more days.
Think Education is Expensive? Try Ignorance.
Picture this. Smart, educated engineer husband and his wife decide to do-it-yourself with a cheap TurboTax program they bought at a local Costco.
Their income was over $150,000 per year, so all of their real estate losses didn’t count, unless they could claim Real Estate Professional status. Which they did.
Then the IRS came knocking. They said “no no” to the Real Estate Professional status. The taxpayers protested and it moved to Tax Court.
Now this is where it gets interesting.
The Court REALLY tried to rule in favor of the taxpayer. In fact, the engineer and his wife made some legal blunders and the Court still found they were right. But then he goofed.
The IRS brought in some off-hand comments and papework he had submitted without really thinking.
He lost. The IRS won.
But the problem is that the IRS is a sore winner. They said, “Now you’ll pay your taxes, and you’ll pay penalties and interest too.” But then they dropped the bombshell.
“We’re also going after you for negligence penalties.” If the IRS got serious about this, he could be looking at jail time! As it was, his penalties and interest were pretty much doubling the amount of tax he’d paid if he hadn’t try to take the deduction.
The engineer blamed Turbo Tax. And that’s when the Court lost their patience.
The Judge said that basically, the engineer was a smart guy. He knew that the tax law for real estate investors was complex and he should have gotten some help.
And the Judge walked away. The engineer and his wife had gone too far. The Judge left the IRS alone to shred the taxpayers’ financial life to bits.
With Real Estate: You can pay less tax. You can build assets. You can create passive income. But you have to protect what you’re building! And that means having experts on your side.
One Good Deed Almost Costs Owner His Apartment Building
A client of mine shared this real-life story as an example of why you need to make sure you have the right business structures to protect your assets as you’re building them.
Steve and his wife Mary had just stepped up their investing to apartment buildings and had 2 buildings they were very proud of. Steve didn’t think he needed the extra asset protection of a business structure and instead just made sure he had plenty of insurance.
Everything started to go sideways when the TV news announced that a suspected killer had escaped.
“Breaking news!” the television commentators shouted. “A suspected killer has escaped and he’s armed.”
Then the news gave the location where the suspected killer had escaped.
Steve heard the location and headed right out to one of his buildings. It was in the neighborhood where the bad guy had last been seen.
When he pulled into the apartment building parking lot, he saw police cars, one of the tenants, very agitated, and his apartment manager, all talking excitedly.
The tenant was sure she’d seen the bad guy. Not only that, she rode the elevator with him and he was acting very nervous. She knew what floor he had gotten off on and which apartment he went in.
Now the police were there to figure out the next step.
The apartment manager, the owner and the police went up to the floor. The apartment manager knocked on the door and said there was a leak that he needed to get in and fix.
He knocked again and said it was an emergency.
This time, they heard a baby start crying and then heard someone muffle the sound of the crying baby.
The police had a SWAT team there by now. As they talked over strategy, the owner realized that when they broke in, there was a good chance shots would be fired and the baby was going to be in danger.
So, my client said, “I have a key.”
And that’s where it all went terribly wrong.
The police went in quietly and swiftly. There sat the tenant, her boyfriend and her baby.
The boyfriend wasn’t the bad guy. No one got hurt. No one got shot. So how did it go wrong?
Well, it turns out the tenant got a big time lawyer to bring a massive lawsuit against the owner. Steve had no right to come in her apartment and disturb her right to quiet enjoyment (a legal term that he meant he couldn’t break in.)
His first call when he was served the papers was to his insurance company. “We’ll get right on it!”, they told him.
At the deposition, he sat down and noted the two lawyers provided by the insurance company and the team of lawyers for the renter.
Then the questions started. And it turns out the insurance company lawyers weren’t protecting him. They were cross-examining him!
It turns out the lawyers did all agree on one thing – it was all Steve’s fault.
He hired his own lawyer to protect against the law suit and to protect against his own insurance company.
Eventually he settled, and it almost broke him. But he was able to barely keep his apartment building.
The reason he fought so hard is that he did not have any type of protection, and the lawyers all knew it. He wasn’t just fighting for his apartment building, he was fighting for his other apartment building, his home, his kid’s college education fund, EVERYTHING.
The right business structure could have saved all of it.
Are your real estate assets really protected? Is it worth a few hundred dollars to save hundreds of thousands of dollars?
Who Can You Call To Help You With Real Estate Tax Saving & Asset Protection Strategies?
Don’t call the IRS! They are wrong 1 to 2 times out of 5. And if you rely on their bad advice, YOU pay the tax, penalty and interest. You can even go to jail for their mistake!
Don’t call a non-real estate specialist! A noted AICPA (American Institute of CPAs) speaker estimated that 80% of tax practitioners do not understand fundamental real estate tax transactions.
Learn from experienced, educated professionals who understand real estate and have been in the real estate game for more than just a couple of years. When you order your own personal Real Estate Accountant in a Box, you will immediately receive your own copy of:
Tax & Asset Protection Quick Start Guide:
Take the quick self-assessment test to look at your business like an accounting or legal expert would.
What do you need to concentrate on first? What are your biggest areas to improve on? Focus on what you need to do now to avoid getting overwhelmed with all of the information your Real Estate Accountant in a Box will provide.
Choose the Right Business Structure for You
Are you using the right business structure?
Have you outgrown your old structure and need to make some changes?
Are you getting all the deductions you’re entitled to?
Master the basics of business structure planning.
Learn the three questions to ask before you begin your structure plans.
The IRS Survival Guide for Real Estate Professionals
Over the past few years, hundreds, or even thousands, of taxpayers received IRS audit notices. Why? Because they were claiming a special, powerful real-estate related tax deduction, called “Real Estate Professional” status.
Can you imagine walking into a sports arena with your team and knowing every play the opposing team was going to make, when and even better, the perfect defense for every play they would make.
That’s what it’s like to have the IRS Auditor Handbook, along with the step-by-step instructions of what you need to have, need to do and need to report.
Learn the real red flags that trigger audits.
Learn how to meet the IRS’s tough new standards
Learn the one mistake that most tax preparers make that could cost you $20,000, $30,000 and even more in taxes, penalties and interest.
Operation Guide for LLCs with Real Estate Investments
The Operation Guide for LLCs with Real Estate Investments is your guide to planning, implementing and operating your own Limited Liability Company in a way that complies with the new, tougher IRS Rules.
- The three stages of successfully setting up and running an LLC designed to hold real estate investment properties.
- How to avoid IRS traps.
- The questions you need to ask before creating your LLC’s Operating Agreement.
- The steps you need to take to make sure your LLC is properly formed and operating as a separate legal entity.
- When and how Annual Meetings are held, and a special tax secret!
In addition to the 100+ page Manual, you also get a zip file loaded with 49 fill-in, customizable forms for your LLC.
We’ve even included a full Operating Agreement, with language specially tailored to individuals who want to claim the full tax breaks available to real estate investors who materially participate in operating their properties.
Tax Implications of Real Estate Losses
Tax losses can actually mean money in your pocket, if you do them right. In this concise, informative audio product, Diane will explain how to make sure a real estate loss is set up in the best way possible when it comes to your taxes.
Learn how to:
- Make one change to your vacation home that could create thousand in tax losses you can use right now, (Module 3)
- Avoid a big tax mistake with a short sale (Module 8)
- Use three questions to determine tax treatment for any real estate loss (Module 9)
- Turn your real estate into a business for big tax breaks (Module 2)
- And a dozen other tips in this easy-to-follow program audio program
Tax Implications of Real Estate Losses includes ten modules:
- Module #1: The 8 Types of Real Estate Losses, in the Eyes of the IRS
- Module #2: Tax Implications of Loss When Real Estate is a Business
- Module #3: Tax Implications of Loss for Rental Real Estate In Service
- Module #4: Tax Implications of Loss for Investment Properties
- Module #5: Tax Implications of Loss on Sale of Rental Real Estate
- Module #6: Tax Implications of Loss on Sale of Principal Residence
- Module #7: Strategies for Maximizing Your Real Estate Losses
- Module #8: Tax Implications of Debt Forgiveness
- Module #9: Summary so far
- New for 2012! Module 10: Update on IRS Material Loss Participation Changes
Plus, includes an Executive Summary of what you need to know NOW.
Tax Benefits From Your Home
Your home may be your castle, as the saying goes, but are you getting all the tax breaks you should?
The real estate crash changed the situation for a lot of home owners, even putting their home equity loan deductibility at risk.
Learn how to:
- Master the complex mortgage interest rules,
- Legally change a vacation home albatross into a tax deduction dream,
- Protect your hard-fought equity in your home against creditors or bad guys and their lawyers,
- Use the new 2 out of 5 year gain exclusion changes to your advantage, and
Tax Strategies for Real Estate Investors
Comprehensive written course plus audio files. We cover how to:
- Pay little or no tax if you have to dump bad real estate,
- Use a cost segregation study, and when you should,
- Legally and safely take the Real Estate Professional deduction,
- Avoid Real Estate Developer penalties,
- Invest with your pension funds, and
- Use other real estate strategies to put more money in your pocket.
There is a reason why the nation’s richest always invest in real estate. Discover the tax breaks you can use right now, in the New Economy.
The Distressed Realty Survival Guide
If you’ve gone through any debt issues relating to your home or investment property, there are 7 terms you need to become familiar with:
- Form 1099-A
- Form 1099-C
- Form 982
- Loan Modification
- Short Sale
- Deed-in-Lieu of Foreclosure
There are procedures that banks and mortgage companies are supposed to follow when taking back a home or negotiating a deal with you to walk away from an upside down piece of real estate. The problem is, many people working at these companies and banks don’t know the rules, don’t follow the rules and won’t answer the phone when you call to find out what’s going on.
The Series LLC: The Ultimate in Flexibility
Detailed written material with multiple audio files. People all over are talking about this powerful and flexible new business structure. A Series LLC is especially well suited to real estate investors. Learn:
- How the Series LLC works
- When you can and can’t use a Series LLC
- Best Series LLC states
- Case Studies and examples of the Series LLC in action
- What the IRS thinks about the Series LLC
You get top-notch asset protection at a fraction of the cost you’d pay for multiple LLCs. One structure, unlimited possibilities.
Easy Accounting for Real Estate Investors
If you’re a successful real estate investor, then you know how important it is to keep good records. Fail to do this and you could looking at extra taxes and risk.
In this program, you’ll learn how to:
- Properly record expenses and purchases for maximum deduction
- Keep good documentation to protect your properties
- Track the right kind of records
- Use QuickBooks for your real estate, with all the advantages available to do you
- Correctly account for transactions
BONUS! We’ll give you samples Chart of Accounts you can use for QuickBooks right now so you get started on the right foot.
Bonus #1: Quick Tricks to Track Expenses
60 Minute Audio of dozens of tricks you can use to track your expenses and meet the record-keeping requirements of your real estate investments.
Bonus #2: The Insider’s Guide to Tax-Free Real Estate Investing by Diane Kennedy, CPA and Megan Hughes
Critically-acclaimed book that gives you the secrets of what you can and can’t do with your pension plan and real estate investing. This is an actual book that will be shipped to you.
That’s over $1300 in home study courses and books for just $497. But only for the next few days!
Bonus #3: Four Live Coaching Sessions with Diane Kennedy, CPA
What else can we do to help?
TWO FOUR coaching sessions with me? I’ll talk you through what you need to get started, answer your tax and asset protection questions and just basically help you put your plan in place to protect what you’re working so hard to build.
And yes, we’re including all this for just $497, if you invest now.