The Difference Between Checkbook Controlled and Custodian Controlled Self Directed IRAs

October 24th, 2016

Many IRA custodians advertise themselves as offering a Self Directed IRA, but what that really means is that you can direct your IRA as long as you direct into one of their offerings. In other words, in a custodian controlled self directed IRA, you are generally only permitted to invest your IRA funds in investments […]

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Do You Need Permission to Invest with an IRA Financial Group Self Directed IRA?

October 10th, 2016

No – not with a Self Directed IRA LLC. All investment decisions are made by you, as manager of the Self Directed IRA LLC. It’s simple – when you want to make an investment, you write a check, use your debit card, wire funds, etc. All documents can be signed by you, as manager of […]

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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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