The IRS has laid the smack down on physical gold IRAs! What you need to know right now before the IRS comes knocking on your door.
#MoneyChangesEverything
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A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000
*The host is expressing their own opinion. There are risks involved in investments in securities, crypto currency, real estate, private businesses, etc. None of the information provided or presented is intended to form the basis for any offer or recommendation or have any regard to the investment objectives, financial situation or needs of any specific person. Before you invest in ANYTHING you must do your due diligence.*…(read more)
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Great content I never knew you could hold precious metals physically in your IRA.
Take it from someone who has learned the hard way:
EDUCATE yourself about the basics of taxes, business finance, accounting, etc.
That way you are better equipped to assess your CPA / accountant.
Then, do NOT cheap out on a good CPA.
AND have their work independently audited every few years.
Trust me…learned the hard way… 🙁
Even if you studied the tax code, it changes every year. So I organize my taxes onto a spread sheet, but still need a CPA to enter those figures onto tax forms.