Proposed Budget Reconciliation Amendment- The Build Better Act: Impact on IRA vs Solo 401k

In recent weeks the House Ways and Means Committee approved funding provisions for the Build Back Better Act of 2021 and included provisions that would impact IRAs and qualified plans including solo 401k plans. While the bill has to be approved by both the House and the Senate before it can be sent to the […]

Does Form 5471 Apply to Solo 401k, Self-Directed IRA or IRA LLC?

Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations is is used by certain U.S. persons who are officers, directors, or shareholders in certain foreign corporations. The form and schedules are used to satisfy the reporting requirements of sections 6038 and 6046, and the related regulations, as well as to report […]

Self-Directed IRA LLC for Precious Metals Investment

Investing in precious metals is an additional way of diversifying one’s retirement funds in alternative investments. This is specially common when fears of inflation arise. Using an IRA LLC to invest in allowable precious metals is one way retirement account investors are diversifying their retirement funds while also combating inflation. Video Slides:

ROBS 401k Business Financing Vs. Self-Directed IRA LLC

Confusion often arises with respect to which type of retirement account may be used to finance one’s own business. This blog post will hopefully help clear this confusion which has led to some retirement account holders who mistakenly used their IRA to finance their own business instead of the ROBS 401k. Video Slides:

The Do’s and Don’ts of Self-Directed IRA LLC Real Estate Investing

A self-directed IRA LLC is commonly used to invest in real estate such as family homes, commercial real estate, farm land, condos, and rentals. As with all IRA investments, certain rules when investing an IRA LLC in real estate, and running afoul of the IRA prohibited transaction rules can result in serious tax consequences. Examples […]