Archive for the ‘Solo 401K’ Category

How Do the UBTI Rules Differ Between a Solo 401k and an IRA?

June 23rd, 2017

Like an IRA, the tax advantage of a Solo 401K Plan is that income is tax-free until distributed. In general, an exempt organization is not taxed on its income from an activity that is substantially related to the charitable, educational, or other purpose that is the basis for the organization’s exemption. Such income is exempt […]

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IRA Financial Group Announces New Solo 401(k) Plan Annual Services to Include Filing of IRS Form 5500-EZ

June 22nd, 2017

Solo 401(k) plan clients of the IRA Financial Group to be offered IRS Form 5500-EZ completion services IRA Financial Group, the leading provider of self-directed IRA and solo 401(k) plans, announces a new service for its annual tax and compliance service for Solo 401(k) plan clients to include the completion of the annual IRS information […]

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How to Take a Loan from Your Solo 401k Plan

June 19th, 2017

As long as the plan documents allow for it & the proper loan documents are prepared and executed, a participant loan can be made for any reason. The solo 401k loan is received tax free and penalty free. There are no penalties or taxes due provided loan payments are paid on time. The IRA Financial […]

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Federal Income Tax Treatment Of Cryptocurrencies, Such As Bitcoins, Creating Opportunities For Retirement Account Investors

June 9th, 2017

For a growing number of investors, cryptocurrency is not only the future of money, but also an attractive and potentially profitable investment asset, though highly risky and volatile.  Bitcoin has become the public’s most visible and popular cryptocurrency and it is also among the oldest, having first emerged in 2009.  Over one year, the market […]

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IRA Financial Group Introduces New Cryptocurrency Solo 401(k) Plan with Checkbook Control Solution

June 8th, 2017

Cryptocurrency Solo 401(k) Plan solution will allow for tax-free treatment on bitcoin & other digital asset transactions using retirement funds. IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans is proud to announce the introduction of the cryptocurrency self-directed Solo 401(k) plan with checkbook control. The cryptocurrency Solo 401(k) plan […]

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How Do the Tax Withholding Rules Work with a Solo 401k

June 6th, 2017

In 1993, Congress passed a mandatory withholding law that affects Solo 401(k) Plans. The law requires your plan administrator to keep 20% of all qualified plan distributions to pay federal income tax before distributing the remainder to you. There are, however, some exceptions to the mandatory withholding rule. For example, amounts that are transferred directly […]

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Millennials Using Solo 401(k) Plan Loan Option to Enter Housing Market

May 31st, 2017

401(k) Plan loan feature helping first-time home buyers secure necessary funds to purchase a home IRA Financial Group, the leading provider of solo 401(k) plans for self-employed and small business owners, has seen a growing number of millennials who are first time home buyers using the 401(k) plan loan feature to purchase a home, according […]

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What is a True Solo 401k Plan Entail?

May 24th, 2017

The IRS approved solo 401(k) Plan has been used by hundreds of thousands of small businesses for over 30 years. However, the scope of options available to Solo 401(k) Plan participants is determined based on the plan documents. To this end, most financial institutions that offer Solo 401(k) Plan restrict the Plan participant to invest […]

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