IRA Financial Group Podcast Episode 62: IRS Revenue Procedure 2016-47 Rollover Requirement Updates

August 29th, 2016

IRA Financial Group’s Adam Bergman discusses updates to the 60-Day Rollover Requirement Rules that have taken place with the new IRS Revenue Procedure 2016-47.   Click Here to Listen  

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IRS Issues Revenue Procedure for 60-Day IRA Rollover Limit

August 28th, 2016

On August 24, the Internal Revenue Service provided a self-certification procedure designed to help recipients of retirement plan distributions who inadvertently miss the 60-day time limit for properly rolling these amounts into another retirement plan or individual retirement arrangement (IRA). In Revenue Procedure 2016-47, posted today on, the IRS explained how eligible taxpayers, encountering a […]

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The Facts About the Solo 401(k) Plan

March 7th, 2014

The Solo 401(k) Plan is essentially a regular, plain-old, vanilla 401(k) plan that has one participant, who is a self-employed individual, or that person and his or her spouse. There is some misinformation being disseminated about these plans and we would like to set the record straight. We want to let you know what is […]

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Does a Checkbook Control IRA LLC Trigger an IRS Audit?

January 10th, 2014

It is not uncommon to hear some full-service custodians that do not work with the “checkbook control”  IRA LLC to make claims that suggest that using a “checkbook control” IRA LLC could prompt an IRS audit.  However, the facts suggest that this is nothing more than a negative marketing ploy. When it comes to IRS […]

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Can I buy Life Insurance Contracts or Life Settlement Contracts with a Self-Directed IRA?

August 20th, 2013

Internal Revenue Code section 408(a)(3) requires that “no part of trust [IRA] funds will be invested in life insurance contracts.” This means that the Internal Revenue Service may not allow you the tax benefits of an IRA if you invest in a life settlement contract.  Hence, IRA funds may not be used to purchase life […]

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The Self Directed IRA LLC Operating Agreement

August 13th, 2013

The LLC Operating Agreement is the core document that is referred to when issues concerning the LLC need to be resolved. The LLC Operating Agreement is the most important document for your Self Directed IRA. It is extremely important that you create an Operating Agreement for your Self Directed IRA LLC. The standard LLC Operating […]

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Self Directed IRA & Solo 401K Plans with Foreign Bank Accounts- Filing Deadline Approaching

June 9th, 2011

United States persons are required to file an FBAR if:

The United States person had a financial interest in or signature authority over at least one financial account located outside of the United States; and
The aggregate value of all foreign financial accounts exceeded $10,000

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Let Financial Professionals Help with a Self Directed IRA

May 24th, 2011

Self-directing assets into a Self Directed Roth IRA, Self Directed IRA, and Self Directed IRA Real Estate “Checkbook Control” Structure is a valid form of funds management. These have been in place for 35 years and are not prohibited by Code 4975. An advisory memo sent out by the Internal Revenue Service confirms an entity’s right to invest IRA funds without fear of violating transaction rules set forth in the IRS Code 4875.

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