Why the Need for a Self Directed IRA LLC Operating Agreement

September 13th, 2016

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 Prohibited Transaction Case Law Update: Guy M. Dabney, et ux. v. Commissioner, TC Memo 2014-108

July 15th, 2016

The Internal Revenue Code does 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 of transactions. The purpose of these rules is to encourage the use of IRAs for accumulation of retirement savings […]

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Self-Directed IRA Prohibited Transaction Case Update: James E. Thiessen, et ux. v. Commissioner, 146 T.C. No. 7, Code Sec(s) 4975; 408; 72.

July 15th, 2016

The Internal Revenue Code does 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 of transactions. The purpose of these rules is to encourage the use of IRAs for accumulation of retirement savings […]

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What Types of Services Can Be Performed by a Disqualified Person When Buying Real Estate with a Self-Directed IRA Without Triggering the Prohibited Transaction Rules?

July 15th, 2016

One of the more common questions asked about using a self-directed IRA to make investments is what type of services can the IRA holder make, as a disqualified person, without triggering the IRS prohibited transaction rules.  Well – finally – we have an answer. IN RE: CHERWENKA, Cite as 113 AFTR 2d 2014-2333 (508 B.R. […]

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Finally a Case That Explains What Type of Services can Be Performed When Using a Self-Directed IRA to Buy Real Estate

July 15th, 2016

One of the more common questions asked about using a self-directed IRA to make investments is what type of services can the IRA holder make, as a disqualified person, without triggering the IRS prohibited transaction rules.  Well – finally – we have an answer. IN RE: CHERWENKA, Cite as 113 AFTR 2d 2014-2333 (508 B.R. […]

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Self Directed IRA Prohibited Transaction Case Summary – IN RE: CHERWENKA, Cite as 113 AFTR 2d 2014-2333 (508 B.R. 228), Code Sec(s) 408; 4975, (Bktcy Ct GA), 03/06/2014

July 15th, 2016

The Internal Revenue Code does 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 of transactions. The purpose of these rules is to encourage the use of IRAs for accumulation of retirement savings […]

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Thinking of Partnering With Your Self-Directed IRA To Buy Real Estate – You may Want To Think Again

July 15th, 2016

When it comes to real estate, there is a belief by some retirement investors that they can use personal and retirement funds in the same transaction without triggering the IRS prohibited transaction rules.  However, a recent case would seem to suggest that using personal funds in the same transaction with their self-directed IRA. IN RE: […]

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Case Shows Partnering With Your Self-Directed IRA Can Trigger IRA Prohibited Transaction

July 15th, 2016

Many retirement investors are under the impression that their self-directed IRA or Solo 401(k) plan can co-invest with their own personal funds in a transaction without triggering the IRS prohibited transaction rules. The case IN RE: KELLERMAN, Cite as 115 AFTR 2d 2015-1944 (531 B.R. 219), Code Sec(s) 408; 4975, (Bktcy Ct AR), (05/26/2015) seems […]

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