Please check out this good question from our Daily Live Zoom call. Subscribe to our YouTube Channel to get notifications of our Daily FAQs. ROBS 401K FAQ: I am looking to use a ROBS 401K to start a new car wash. I already own real restate inside my self-directed IRA. Can I use this real estate to […]
Self-directed Solo 401k Daily FAQ – Can I Transfer a Promissory Note from my Solo 401k to a Self-directed IRA?
How can a real estate asset be transferred from a self-directed IRA to a solo 401(k)?
If your Crypto IRA is hacked and your account value goes to zero, it doesn’t matter how much you have made investing your retirement funds in cryptocurrency. Harvard Law Attorney George Blower reviews the security advantages of a Crypto Solo 401k over a Crypto IRA.
Filed November 18, 2021 (ANDREW MCNULTY AND DONNA MCNULTY, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent), a taxpayer’s self-directed IRA was deemed as involved in a taxable distribution because the tax payer (McNulty) stored at her home the American Eagle gold coins purchased through her IRA owned LLC ( IRA LLC, also known as a […]
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 […]
Next to investing in real estate through a self-directed IRA LLC, investing in promissory notes is also a very popular self-directed IRA LLC investment. We have put together the following guide for review prior to investing your self-directed IRA LLC in promissory notes investments. Video Slides: The Self-Directed IRA LLC Promissory Note Investment Do’s and […]
On June 1, 2021 a proposed bill (The Enhancing Emergency and Retirement Savings Act) was introduced by by Senator James Lankford (R-OK) and Michael Bennet (D-CO). The proposed bill would provide a penalty-free “emergency distribution” option from employer-sponsored retirement accounts (e.g., solo 401k) and IRAs (e.g.., self-directed IRA). The main purpose of the bill is […]
On May 28, 2021 President Biden released his first budget proposal under his presidency. The $6 trillion plan includes two proposals: American Jobs Plan, which addresses infrastructure, and the American Families Plan, which covers child care, paid family and medical leave. As far as retirement plans including self-directed IRAs and the self-directed solo 401k plans, […]
Harvard Law Attorney George Blower reviews the recent US Treasury proposal to increase IRS reporting of cryptocurrency transactions.
