August 6th, 2012
Yes – a self-directed IRA LLC can have one IRA owner or more than IRA as a member of the LLC. A self directed IRA LLC owned by one IRA is treated as a disregarded entity for federal income tax purposes. Meaning the LLC is treated as a tax nothing, but is respected for limited […]
April 25th, 2012
What tax forms do I need to file for my Self-Directed IRA LLC? Let’s step back to understand some basic concepts: First, your LLC is owned by your IRA. Second, IRAs are not subject to federal taxes. Third, there is a difference between a single-member LLC and a multi-member LLC. A single-member LLC is an […]
May 16th, 2011
Did you know that funds in a 401K account may be invested in real estate? They can! Many people don’t realize that. That is because 401K accounts are traditionally set up with financial institutions that have the incentive to invest such funds in stocks, bonds and mutual funds due to, among other things, higher commission fees. On the other hand, if you are eligible to set up a Solo 401K, you will have “checkbook control” and will be able to invest such funds in real estate in addition to stocks, bonds and other traditional securities. The same, incidentally, is true for a Self Directed IRA, Self Directed Real IRA and a Self Directed Roth IRA.
March 24th, 2011
No – a single member LLC is treated as a disregarded entity for federal income tax purposes and thus no federal income tax return is required to be filed