Archive for March, 2011

Can I provide Services to a Real Estate Property owned by My Self-Directed IRA LLC?

March 24th, 2011

John buys a piece of property with his IRA funds and hires his father to work on the property. Since John’s father is a disqualified person, John would not be permitted to provide any services to the IRA or its assets

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Can I Transfer Roth IRA Funds in to a Solo 401k Plan?

March 24th, 2011

A Roth IRA is essentially the only type of retirement account that cannot be rolled into a Solo 401k Plan.

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What type of Precious Metals can be Held by a Self-Directed IRA?

March 24th, 2011

Internal Revenue Code Section 408(m) lists the type of precious metals and coins that are permitted investments using Self Directed IRA funds:

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Is I have a Full-Time Job but Earn Compensation on The Side Can I Use a Solo 401k Plan?

March 24th, 2011

Yes – as long as you are generating compensation from a business that you own that does not have any non-owner employees, your business can adopt a Solo 401k Plan.  A Solo 401k Plan can be adopted by a Sole Proprietorship, LLC, C Corporation, S Corporation, or Partnership. In general,to be eligible to benefit from […]

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The Special Purpose Solo 401K LLC

March 24th, 2011

The LLC offers its members, in the case of a Solo 401k Plan, limited liability protection and privacy.

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Is a Single Member Self-Directed IRA LLC Required to File a Federal Income Tax Return?

March 24th, 2011

No – a single member LLC is treated as a disregarded entity for federal income tax purposes and thus no federal income tax return is required to be filed

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Is The Self Directed IRA LLC IRS Approved?

March 24th, 2011

The Self Directed IRA LLC “Checkbook Control” Structure has been in use for over 30 years. The notion of using an entity owned by an IRA to make an investment was first reviewed by the Tax Court in Swanson V. Commissioner 106 T.C. 76 (1996). In Swanson, the Tax Court, in holding against the IRS, […]

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