March 5th, 2013
When it comes to making investments with a self-directed IRA LLC, the IRS generally does not tell you what you can invest in, only what you cannot invest in. The types of investments that are not permitted to be made using retirement funds is outlined in Internal Revenue Code Section 408 and 4975. These rules [...]
February 26th, 2013
In the case where a potential transaction involving an IRA could raise a prohibited transaction, establishing a separate IRA for any additional IRA funds in the IRA account that may have engaged in a prohibited transaction may prove to be a safe course of action. The reason for this is because a prohibited transaction would [...]
February 26th, 2013
In general, the IRS does not tell you what type of investment you can make using retirement funds, only the type of investments that are prohibited. These types of transactions are referred to as the “Prohibited Transaction” rules. Internal Revenue Code Section 408(m) lists the type of precious metals and coins that are permitted investments [...]
April 26th, 2012
When investing retirement funds, the IRS has established a number of rules that must be considered. The IRS and the Internal Revenue Code do 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 [...]
March 16th, 2012
One of the most discussed retirement topics involving the use of retirement funds to make investments is the Self directed iRA prohibited transaction rules. The self-directed IRA prohibited transaction rules are outlined in Internal Revenue Code Section 408 and 4975. The IRS and the Internal Revenue Code do not describe what a Self Directed IRA [...]
August 17th, 2011
the Swanson case and the IRS Advisory Opinion help confirm the validity of using a special purpose entity to make IRA investments. This coupled with the growing popularity of the LLC helped fuel the rise of the Checkbook Control IRA structure.
August 10th, 2011
The IRS and the Internal Revenue Code do not express what a Self Directed IRA real estate 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.
July 8th, 2011
The Self Directed IRA Rules rules are extremely broad and the penalties extremely harsh (immediate disqualification of entire IRA plus penalty). Thus, an individual using a Self Directed IRA to make investments should be aware and cautious of the disqualified person and prohibited transaction rules.