Tips for Buying Real Estate With a Solo 401K
When purchasing real estate with a Solo 401K Plan, it is important to keep a few things in mind:
View ArticleCan I use a Credit Card with a Self-Directed IRA LLC?
In general, the Internal Revenue Code does not describe what a Self Directed IRA can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified...
View ArticleUsing a Loan With a Solo 401K Plan to Make an Investment
When it comes to using retirement funds, such as a Solo 401K Plan, to make investments, the question arises whether a Solo 401K Plan can utilize a loan as part of the transaction. The IRS has always...
View ArticlePeek v. Commissioner – Personal Guarantee of Loan Triggers Self-Directed IRA...
In Peek v. Commissioner (May 9, 2013), the U.S. Tax Court ruled that a taxpayer’s personal guaranty of a loan by a corporation owned by the individual’s IRA is a prohibited transaction under section...
View ArticleIs there any truth to the rumor the IRS is no longer allowing self-directed...
By. Adam Bergman, Esq Nothing could be father from the truth. Like I do almost everyday on behalf of client, I acquired a Tax ID# for a self-directed IRA LLC client just yesterday. The reason I am...
View Article“Checkbook Control” IRA Gaining in Popularity in Light of Recent Tax Court...
IRA Financial Group has seen strong demand for the “checkbook control” IRA in light of recent Tax Court case Peek Vs. Commissioner Peek v. Commissioner (140 T.C. No. 12, 2013), a recent U.S Tax Court...
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