Eligible Employer Small Business Credit Does Not Apply to the Solo 401(k) Plan

March 20th, 2013

The 2001 Economic Growth Tax Relief and Reconciliation Act included a provision that would allow small businesses to You may be claim a tax credit for part of the ordinary and necessary costs of starting a SEP, SIMPLE, or 401(k) qualified plan. The Solo 401(k) credit equals 50% of the cost to set up and [...]

January 30th, 2012

The tax attorneys at the IRA Financial Group have worked at some of the largest law firms in the United States, including White & Case LLP and Dewey & LeBoeuf LLP making them the the most qualified Solo 401K provider

January 23rd, 2012

When establishing a Self Directed IRA LLC Checkbook Control solution it is vital that you work with tax professionals who have expertise in the tax and ERISA area.

October 3rd, 2011

If you are under 50 years of age at the end of 2011, 2011 IRA limits contributions are $5,000 annually. For those 50 years of age or over at the end of 2011, contributions are $6,000. In both cases, there may be adjustments depending on your adjusted gross income. These totals may also be split between a traditional IRA and a Roth IRA.

September 15th, 2011

IRA is an acronym used in representing a kind of retirement plan in the United States with some tax benefits when it comes to retirement savings. Individual Retirement Arrangement (IRA) encompasses a person’s individual retirement account. This account can be a trust account or a custodian account. It is mostly set up for its taxpayer’s benefits or their beneficiaries. IRA can also be said to be a person’s retirement annuity by which a taxpayer can buy an annuity or endowment contract from a life insurance company. IRA comes in different types; Roth, Self directed, Sep, simple, and traditional IRAs. The different types of IRA have their peculiarities and benefits. But if you are looking for an account which you can determine where the money in it is invested, then the self directed Roth IRA is the account for you. Self directed Roth IRA is the best option for a tax free withdrawal account at retirement. It is possible to invest in personal loans, tax liens, real estate, and self directed IRA without going through the stress of writing checks or going through some rigorous transactions or even having to hold or pay asset based fees. With the purchasing power of IRA, you can have some good investments before retirement without having to incur any early distribution taxes or penalty.

September 9th, 2011

A Roth IRA attracts investors because they contribute their after-tax income now in exchange for tax-free withdrawals after retirement. Also, account holders can make premature withdrawals from a Roth IRA with few penalties and restrictions. Roth IRAs can take the form of a self directed IRA real estate account or as a designated solo 401K.

September 7th, 2011

The IRA Financial Group’s Business Acquisition Structure is your solution!
Use your retirement funds to purchase a new business or franchise – Tax Free – and without penalty! It’s 100% IRS compliant.

August 26th, 2011

The advantages of electing to make a Roth 401K contribution is that if certain requirements are met, an individual will be able to take as a distribution the income and gains generated by the Roth 401K investment tax-free