June 19th, 2014

There are hundreds of thousands of Self Directed IRA accounts in the United States. In the last several years, the number of Self Directed IRA accounts has grown drastically. The Self Directed IRA LLC “Checkbook Control” Structure has been in use for over 15 years. The Tax Court and the IRS have approved the use […]

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IRS Rules and Guidelines Concerning a Solo 401(k)

June 18th, 2014

The “Solo 401K plan” is an IRS approved type of qualified plan , which is suited for business owners who do not have any employees, other than themselves and perhaps their spouse. The “one-participant 401(k) Plan” is not a new type of plan. It is a traditional 401(k) plan covering only one employee. The plans […]

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Administering the Solo 401(k) Plan – The IRS Form 5500-EZ

June 9th, 2014

In general, the solo 401(k) plan is easy to operate. There is generally no annual filing requirement unless the fair market value of your solo 401(k) plan asset exceeds $250,000, as of December 31 of the previous year. If your solo 401(k) plan assets exceed $250,000 as of 12/31 of the previous year, you will need to […]

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The Advantages of Checkbook Control vs. Custodial Control

June 4th, 2014

Experience the Self-Directed IRA LLC “Checkbook Control” Advantage Many traditional IRA custodians advertise themselves as offering a Self-Directed IRA, but what that really means is that you will need approval from your custodian before making an investment. Whereas, in the case of a truly Self-Directed IRA, a limited liability company (“LLC”) is established that is […]

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IRA Financial Group Sees Growing Number of People Using Solo 401(k) Plan Loan To Pay Off Credit Card Debt

May 29th, 2014

$50,000 Solo 401(k) plan loan feature being used more frequently to pay off escalating credit card debt IRA Financial Group, the leading provider of solo 401(k) plans for self-employed and small business owners with no full-time employees, announces the increase in number of people looking to use the solo 401(k) loan feature as a means […]

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What Exactly is a Solo 401(k) Plan?

May 27th, 2014

401k plans are defined in the Internal Revenue Code (Section 401) as retirement savings trusts. A 401(k) Plan is an IRS approved qualified retirement plan. As the name implies, the Solo 401(k) plan is an IRS approved qualified 401(k) plan designed for a self-employed individual or the sole owner-employee of a corporation. It works best […]

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In-House CPA Service for Self-Directed IRAs

May 22nd, 2014

IRA Financial Group is the only full service Self-Directed IRA facilitator that offers its clients the ability to consult with our in-house tax accountants and CPAs, in addition, to our tax professions. Our in-house CPAs are specially trained in the taxation of retirement accounts, which allows us to provide our clients with specialized tax advice […]

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Calculating Tax on Unrelated Debt Financed Income from IRA Investments

May 19th, 2014

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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