How to Calculate Tax on Using Nonrecourse Loan with a Self-Directed IRA

March 11th, 2013

IRS Form 990-T, specifically Schedule E, is the tax form where a charitable organization of retirement account, such as an IRA or Roth IRA would report income that would be subject to the Unrelated Business Taxable Income (also known as UBIT or UBTI) or Unrelated Debt Financed Income tax. In general, only income generated from [...]

January 23rd, 2013

Yes – the IRS and the ERISA rules do not include any exclusive plan rules. Therefore, once can be a participant of more than one 401(k) Plan. Thus, one can have a full-time job that offers a 401(k) Plan and participate in the plan as well as have a Solo 401(k) Plan. They key is [...]

May 7th, 2012

Want to establish a Solo 401(k) Plan at Chase but want more flexibility to invest in real estate, borrow $50,000, or make Roth after-tax contributions? IRA Financial Group Solo 401K Plan, is an IRS approved plan that was designed specifically for the self-employed or small business owner with no employees other than the owners(s). The [...]

March 13th, 2012

A Solo 401K Plan offers a self-employed business owner the ability to make high contribution limits (up to $55,500) as well as borrow up to $50,000 for any purpose. In addition, a Solo 401(k) Plan allows a a plan participant to use his or her retirement funds to make almost any type of investment, including [...]

December 22nd, 2011

In 2012, the maximum solo 401(k) plan contribution limitation will increase to $50,000 and $55,500 for plan participants over the age of 50

September 22nd, 2011

Don’t trust a marketing company, such as Guidant or a real estate professional to establish your legal self-directed IRA structure or Solo 401(k) Plan.

September 22nd, 2011

Don’t trust a marketing company, such as the Nabers Group or a real estate professional to establish your legal self-directed IRA structure or Solo 401(k) Plan.

August 31st, 2011

Like Scottrade’s Solo 401K Plan, IRA Financial Group’s Solo 401K Plan is easy to operate. There is generally no annual filing requirement unless your solo 401K Plan exceeds $250,000 i