Archive for the ‘IRA Checkbook Control’ Category

Bitcoin IRA – How it Works?

July 13th, 2017

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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How to Use a Self-Directed IRA to Buy Ethereum

July 13th, 2017

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 Update: James E. Thiessen, et ux. v. Commissioner, 146 T.C. No. 7, Code Sec(s) 4975; 408; 72.

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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Case Shows Partnering With Your Self-Directed IRA Can Trigger IRA Prohibited Transaction

July 15th, 2016

Many retirement investors are under the impression that their self-directed IRA or Solo 401(k) plan can co-invest with their own personal funds in a transaction without triggering the IRS prohibited transaction rules. The case IN RE: KELLERMAN, Cite as 115 AFTR 2d 2015-1944 (531 B.R. 219), Code Sec(s) 408; 4975, (Bktcy Ct AR), (05/26/2015) seems […]

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Self-Directed IRA Prohibited Transaction – Lawrence F. Peek, et ux., et al. v. Commissioner, 140 TC 216 (5/9/2013)

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 Summary – ELLIS v. COMM

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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The Difference Between a Custodian Controlled Self Directed IRA and a Self Directed IRA LLC with Checkbook Control

February 5th, 2016

Many IRA” custodians advertise themselves as offering a Self Directed IRA, but what that really means is that you can direct your IRA as long as you direct into one of their offerings. In other words, in a custodian controlled self directed IRA, you are generally only permitted to invest your IRA funds in investments […]

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Investment Diversification Primary Reason Individuals Turning to Self-Directed IRA

June 19th, 2015

The ability to better diversify ones retirement assets and having the ability to buy hard assets like real estate adding to popularity of self-directed IRA IRA Financial Group, the leading provider of self-directed IRA LLC solutions, conducted an internal client survey recently, which asked a select number of self-directed IRA clients throughout the United States […]

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