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Tuesday, May 13, 2014

HSA Contribution Limits

IRS Releases 2015 HSA Limits
On April 23, 2014, the Internal Revenue Service (IRS) via Revenue Procedure 2014-30, released inflation-adjusted health savings account (HSA) contributions and high-deductible health plan (HDHP) limitations for calendar year 2015.  These limits are indexed for inflation and released annually by June 1 for the following year, as established under the Tax Relief and Health Care Act of 2006.

An HSA is a tax-advantaged savings account that belongs to the person who establishes it and must be paired with a qualified high-deductible health plan (HDHP).

Anyone who participates in an HDHP can make HSA contributions for the tax year generally through April 15 of the following year – and in some instances, other parties including employers also make a contribution on behalf of each employee who is participating in an HDHP.

The 2015 limits are as follows:

2015 Annual HSA Contribution Limits:
Self-only HDHP coverage: $3,350* (up $50 from 2014)
Family HDHP coverage: $6,650* (up $100 from 2014)

*However, an individual who has reached the age of 55 by the end of the calendar year may contribute an additional $1,000 per year.

2015 Annual HDHP Minimum Deductibles:
Self-only coverage: $1,300 (up $50 from 2014)
Family coverage: $2,600 (up $100 from 2014)

2015 HDHP Out-of-Pocket Limits: (includes deductibles, copayments and other amounts, but not premiums)
Self-only coverage: $6,450 (up $100 from 2014)
Family coverage: $12,900 (up $200 from 2014)

For a copy of Revenue Procedure 2014-30, please click on the link provided below.

Monday, May 12, 2014

Business Framework for control, group investment, tax compliance and protection.

Global Enterprises Trust assist many businesses in determining and establishing the framework that is essential for achieving success, control, tax avoidance and protection.  The primary goal is to maintain integrity between investors that have pooled their resources for investments and protecting those investments. 

The last thing that is needed is for values to diminish after an investment is made.  No one is interested in bringing parties to the table that cause dilution of hard earned investment dollars.  Therefore, vehicles and buy/sale arrangements have to be planned and thought out long before anything occurs that will cause values to lower because investments are sold as a distressed item and not as a valued commodity. 

Criteria for acceptable parties must be established for those invited to participate in an investment pool.  The initial criteria is the investment vehicle is going to be an S Corporation.  Therefore everyone should sign stock purchase agreements that will stipulate that stock will be purchased by investors that are invited to invest and held for a period of time before any buy sale action will be valid or activated. 

The only reason for not adhering to this agreement is termination for cause such as malfeasance, fraud, violations of fiduciary responsibility for active parties of the corporation, or eminent default of a return to investors of their initial capital.  The only calculable termination is eminent default which would result from making a bad investment outside of the established investment criteria or unforeseen market conditions that are beyond any of the parties control that causes the asset purchased to lose value and not be sold for at least investment cost.

Each investor in this case should have disbursement of profit to a simple LLC which will allow schedule C reporting of expenses related to meetings, travel, investing that is direct to the investor.  Any investment into the LLC that purchases equipment etc., offers depreciation and on investment by the LLC into other organizations can be capitalized and amortized.  A lot of flexibility here. 

Investors seeking a Trust, a ROB, a self directed IRA disbursement into a ROB C Corp should raise their hand for the structure request for these vehicles.  Each one has tax advantages and limitations depending what is to be achieved with the particular investment program.

Buy/Sale agreements should be signed by each investor as well as an affidavit stating that each investor is qualified to invest funds that the investment of these funds present no hardship to their existing financial position.    An investment criteria should be signed and any investments made outside of this criteria be done by corporate resolution that is provided as a result of quorum vote. Voting should be authorized to occur via conference call, Skype conference, or teleconference. 

Investment criteria will be based on property purchased at 50% below market and resold at a minimum of 65% of value as is or 85% of value ARV.  A minimum of one investment using 70% of funds should be turned over per quarter to turnover 100% of funds semi annually.  In a perfect world, the funds would turnover every 90 days and be readily available for reinvestment.   

Investment estimated profit and loss will be provided upon investment inception disclosing details such as subject property address, interior and exterior pictures of the property, assumed value based on comps and research, cost of renovation with quotes and job cost reports (if required), potential buyers and/or tenants, life cycle of the project and proof of prequalification or lease, disclosure of how property will be titled, Trust, LLC or Company.

Upon purchase, sale, lease and/or renovation completion and sale.  HUD 1 will provided to the parties with a full accounting of revenues and expenses.  A summary of overall project any variances report good, bad or indifferent. 

Funds will be disbursed according to corporate resolution, individual direction and or agreement. Investment Management provided by Global Enterprises Trust.  Accounting services provided by Global Enterprises' Trust agent Chet Jones.  Real Estate and Tax Deed Acquisition and Sale provided by Michael Scott.   Wholesale properties provided by Unity Investment Group.  Call 888-753-2521 for more information or email me at

Obtaining wealth is easy, having the discipline and nerve it takes will require courage and faith! Several steps to change courses away from tax and continual cashflow!

I have given tons of advice and direction to those who seek wealth, but lack courage, stamina and/or discipline to get to the next step.  Many people would see me and lack enough courage or faith to use the direction that I lay before them, sought other experts that lack understanding and then come back a few years later in the same or worse position. 
Currently, if you evaluate your current position are you financially fit?  Are you tax free?  Have you used debt to increase your wealth? Can you access cash out of your CD or IRA or SEP or 401K without the risk of incurring penalties?  Do you have cash in a bank or CD earning under 50% interest annually?  Do you have cash in a mutual fund that you control?  Do you have a guaranteed wealth position?

I would assume for many that your answer to all these questions are no.  If you answered yes to any of these questions then I am all ears as to how and would love to compare plans, but if no, then I would like to sit down with you and redirect your path by providing you with a clear path to financial success by using a system that is customized for you in your current position. 
  • Obtain a self directed IRA, Rollover any or all of your investments into a self directed IRA or SEP
  • Obtain Universal Life Insurance Policies for yourself and your children using our strategy for tax avoidance.
  • Buy a businesses out of our pool with cash flows and leverage the cash flow to expand and pay return your capital...(repeat)
  • Buy a tax deed out of our pool of tax deeds obtain quiet title in 60 days and resale property upon receipt (pre-qualified buyers available) or keep and lease for cash flow.
  • Purchase properties out of our property pool and resale property upon receipt of title in 10 days (pre-qualified buyers available)
  • Use HSA to assist in lowering tax liability and obtaining medical coverage that provides a tax credit that provides a refund an lowers tax liability
  • Invest in properties that provide tax credits and lower tax liability.
  • Invest in offshore companies, IRAs and Trusts that provide income that is excluded from taxation. 
  • Establish Trusts that provide asset protection and direct non taxable income into wealth plans for your children, grand children and generations to come.
Let's start with where you are now and no matter where it is and obtain a real path toward financial success that is achievable in 60 months.  Let me just say that if you don't reach your financial goals in 60 month then every fee that is charged by me will be returned to you paid in full. 
There is limited space available and therefore everyone is not eligible for this program because I can only take on a select group every six months. Therefore, interested parties should contact me and request a financial fitness evaluation at  or call 888-753-2521.  Let me provide you with a free financial fitness evaluation to customize a program customized for you to accomplish your financial goals in 60 months or less.