The passage of the The Inflation Reduction Act (IRA) did not have any direct impact on self-directed IRAs, self-directed solo 401k plans or IRA LLCs. Instead the main purpose of the new act (IRA) is to combat inflation, climate change, and health care costs. This is a stark difference from the Build Back Better (BBB) which never passed and would have squarely impacted solo 401k plans, IRAs and the IRA LLC.
Tax on Corporations & Stock Buybacks
The Inflation Reduction Act (IRA) does impose a 15% minimum corporate tax for businesses starting in 2023. It also imposes a 1% excise tax on stock buybacks for stock buybacks performed in 2023 and after. However, stocks held in retirement accounts including ROBS 401k, solo 401k and IRAs will not be subject to this 1% excise tax.