Author Archives: Mark Nolan

How to Invest a Self-Directed IRA LLC (Checkbook IRA) In Real Estate

Investing a self-directed IRA LLC in real estate is similar to investing a self-directed IRA in real estate in that the same IRS prohibited transaction and IRA rules apply. That being said, here is a helpful procedure for investing an IRA LLC in real estate. First open a self-directed IRA with a custodian that will […]

DOL Proposed Regulation (Improving Investment Advice for Workers and Retirees Exemption) Impact on Retirement Accounts Including Solo 401k Plan

Intended to govern investment advice for for retirement account holders including IRAs and 401k plans such as self-directed solo 401k plans, on June 30, 2020 the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a guidance package entitled Improving Investment Advice for Workers and Retirees Exemption. The guidance package includes a News Release, Fact Sheet, Proposed […]

IRS Releases 2019 Data Book Contains Indirect Solo 401k Data

The Internal Revenue Service Data Book describes activities conducted by the Internal Revenue Service during Fiscal Year 2019 (October 1, 2018, through September 30, 2019). It provides information on returns filed and taxes collected, enforcement, taxpayer assistance, the IRS budget and workforce, and other selected activities. Here are some of the highlights of the data […]

COURT ALERT: Jeff Trin, Owner of Phoenix-based held in Civil Contempt Again

Founder of Solo 401k provider used forged IRS document (IRS Letter)  For a second time, a State of Michigan Circuit Court for the County of Oakland held Jeff Trin in civil contempt for violations of the Court’s prior order by failing to delete the Better Business Bureau profile of Solo 401k Services LLC.  The Court found […]

Waiver of 2020 RMD and Extension of Rollover Period to August 31, 2020 for Solo 401k and IRA

The IRS has released Notice 2020-51. This notice provides guidance relating to the waiver in 2020 of required minimum distributions (RMDs) from certain retirement plans including solo 401k plans, and IRAs. The notice extends the 60-day rollover period to August 31, 2020. This means that if you took a RMD anytime in 2020, you have […]