Archive for July, 2016

Am I Restricted by the Prohibited Transaction Rules when Taking a 401k Loan?

July 28th, 2016

No. A Solo 401(k) loan is permitted at any time and for any purpose using the accumulated balance of the Solo 401(k) as collateral for the loan. A Solo 401(k) participant can borrow up to either $50,000 or 50% of their account value – whichever is less. This loan has to be repaid over an amortization […]

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IRA Financial Group Introduces the Self-Directed IRA 72(t) Election Strategy for Receiving Penalty Free IRA Distributions

July 26th, 2016

IRC 72(t) election strategy is being used by self-directed IRA investors seeking to take IRA distributions prior to age 59 1/2 without penalty IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) plan solutions introduces the Self-Directed IRA 72(t) election strategy for IRA investors looking to receive IRA distributions prior to […]

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Calculating Taxes UDFI from IRA Investments

July 25th, 2016

When a tax-exempt organization like an IRA or charity borrows money for a transaction on a nonrecourse basis, the IRA or charity must complete IRS Form 990-T and Schedule E and report the income, as the income is likely subject to tax. In general, a tax-exempt organization like a charity or IRA is permitted to […]

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IRA Financial Group Podcast Episode 61: Prohibited Transaction Case Law Update

July 21st, 2016

IRA Financial Group’s Adam Bergman discusses some of the most recent and relevant tax law cases revolving around prohibited transactions with a self-directed retirement account.   Click Here to Listen  

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IRA Financial Group Podcast Episode 60: Strategy For Minimizing UBTI Tax On A Self-Directed IRA Real Estate Investment

July 20th, 2016

IRA Financial Group’s Adam Bergman discusses dealing with UBTI on a Self-Directed IRA Real Estate Investment.   Click Here to Listen  

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Adam Bergman, IRA Financial Group Partner, Interviewed on Miami Business Radio About Self-Directed IRAs

July 18th, 2016

Adam Bergman was a guest on Fried on Business on WZAB 880AM -Business Radio – discussing Self-Directed IRA and Solo 401(k) Plans On July 14, 2016, Adam Bergman, a partner with the IRA Financial Group, was interviewed on WZAB 880 – The Biz – the Fried on Business Show, discussing self-directed IRAs and Solo 401(k) […]

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New Case Law Shows Why You Need To Use a Special IRA Custodian to Make Self-Directed IRA Investments

July 15th, 2016

The Internal Revenue Code does not describe what a Self Directed IRA can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions. The purpose of these rules is to encourage the use of IRAs for accumulation of retirement savings […]

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Self-Directed IRA Prohibited Transaction Case Law Update: Guy M. Dabney, et ux. v. Commissioner, TC Memo 2014-108

July 15th, 2016

The Internal Revenue Code does not describe what a Self Directed IRA can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions. The purpose of these rules is to encourage the use of IRAs for accumulation of retirement savings […]

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