Changes to IRS Form 5498 with Regards to Your Self-Directed IRA

March 27th, 2017

For Tax Year 2015 and beyond on IRS Form 5498, the IRS now requires IRA custodians to separately specify transactions which involve certain Self-Directed IRA investments The information on Form 5498 is submitted to the Internal Revenue Service by the trustee (IRA custodian) of your individual retirement arrangement (IRA) to report contributions, including any catch-up […]

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IRA Financial Group Podcast Episode 72: New Partnership Tax Return Deadline for Multiple-Member LLC – March 15 2017

March 8th, 2017

IRA Financial Group’s Adam Bergman discusses the new March 15th tax filing deadline for Self-Directed IRA LLCs for partnership return IRS form 1065.   Click Here to Listen  

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New Ruling Expected to Increase Popularity of DISC Roth IRA Tax Strategy

March 6th, 2017

Appeals Court in Summa Holdings affirmed use of having commissions from domestic international sales corporation go to a Roth IRA IRA Financial Group, the leading provider of self-directed IRA retirement solutions, believes that the Sixth Circuit Appeals Court decision which held that using a DISC and Roth IRA strategy for their congressional-sanctioned purposes—tax avoidance was […]

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Court Affirms Legality Of Roth IRA DISC Strategy

March 2nd, 2017

Here’s another article from Forbes.com written by Adam Bergman – On February 16, 2017, the United States Appeals Court for the Sixth Circuit in Summa Holdings, Inc. v. Commissioner of Internal Revenue held that using DISC and Roth IRA strategy for their Congressional-sanctioned purpose, tax avoidance, was permissible.  The Appeals Court reversed a previous Tax […]

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Valuing Alternative Assets In A Self-Directed IRA

February 23rd, 2017

This article originally appeared on Forbes.com, written by our own Adam Bergman – Every IRA custodian is required to report annually to the Internal Revenue Service (“IRS”) the fair market value of each IRA it holds.  The IRA custodian will report the fair market value of the IRA to the IRS using IRS Form 5498.  […]

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The LLC Operating Agreement for a Self-Directed IRA

February 20th, 2017

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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Your Self-Directed IRA Custodian Fees May Be Tax Deductible

February 16th, 2017

Unbeknownst to many retirement account holders, payment of individual retirement account (“IRA”) custodian/trustee fees is generally tax-deductible.  Under Internal Revenue Service (“IRS”) rules, in place of the standard deduction, one can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040 or Form 1040NR). One can only claim the amount of expenses that […]

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Why Is It Important To Have Checkbook Control Over Your Self-Directed IRA?

February 13th, 2017

A Self-Directed IRA LLC with “Checkbook Control” plan is an IRS and tax court approved structure that will allow you to use your IRA funds to make almost any type of investment, including real estate, tax liens, precious metals, foreign currency and much more tax free! With a “checkbook control” Self-Directed IRA LLC you will […]

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