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    What are the different considerations for purchasing offshore properties?

    First, verify that the title can be held in the name of the IRA. Some countries require that land be held in the name of an entity. In this situation, you may need to establish an entity to proceed with the purchase. It is best to involve a legal counsel and other advisors knowledgeable of the specific the country’s laws before purchasing offshore property. You should allow for additional time to close an offshore real estate transaction.

    What is an ESA?

    Coverdell Education Savings Accounts (ESA) are tax deferred trust accounts. They are designed to help families paying for educational expenses for beneficiaries who must be 18 years of age or younger when the ESA is established.

    What is an excess contribution and recharacterization?

    A recharacterization is a mechanism that allows a taxpayer to move a current year’s contribution from one type of IRA to a different type of IRA. This transaction is not taxable and must be completed prior to the tax return due date, including extensions. In most cases, the deadline is October 15 if someone filed their taxes timely.

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    What are the different considerations for purchasing offshore properties?

    First, verify that the title can be held in the name of the IRA. Some countries require that land be held in the name of an entity. In this situation, you may need to establish an entity to proceed with the purchase. It is best to involve a legal counsel and other advisors knowledgeable of the specific the country’s laws before purchasing offshore property. You should allow for additional time to close an offshore real estate transaction.

    What is an ESA?

    Coverdell Education Savings Accounts (ESA) are tax deferred trust accounts. They are designed to help families paying for educational expenses for beneficiaries who must be 18 years of age or younger when the ESA is established.

    What is an excess contribution and recharacterization?

    A recharacterization is a mechanism that allows a taxpayer to move a current year’s contribution from one type of IRA to a different type of IRA. This transaction is not taxable and must be completed prior to the tax return due date, including extensions. In most cases, the deadline is October 15 if someone filed their taxes timely.

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    What are the different considerations for purchasing offshore properties?

    First, verify that the title can be held in the name of the IRA. Some countries require that land be held in the name of an entity. In this situation, you may need to establish an entity to proceed with the purchase. It is best to involve a legal counsel and other advisors knowledgeable of the specific the country’s laws before purchasing offshore property. You should allow for additional time to close an offshore real estate transaction.

    What is an ESA?

    Coverdell Education Savings Accounts (ESA) are tax deferred trust accounts. They are designed to help families paying for educational expenses for beneficiaries who must be 18 years of age or younger when the ESA is established.

    What is an excess contribution and recharacterization?

    A recharacterization is a mechanism that allows a taxpayer to move a current year’s contribution from one type of IRA to a different type of IRA. This transaction is not taxable and must be completed prior to the tax return due date, including extensions. In most cases, the deadline is October 15 if someone filed their taxes timely.