Peek v. Commissioner – Important IRA Loan Rules
In Peek v. Commissioner, the Tax Court ruled that a personal guarantee of a loan by a corporation owned by the individual’s IRA is a prohibited transaction.
In Peek v. Commissioner, the Tax Court ruled that a personal guarantee of a loan by a corporation owned by the individual’s IRA is a prohibited transaction.
If your Self-Directed IRA LLC is a multi-member entity, you must file Form 1065 and Schedule K-1, but generally, no taxes are due.
Holding an Airbnb in your IRA makes for an interesting investment choice as it provides a nice stream of income, however, beware of the UBTI rules.
One should consider the IRS prohibited transaction rules, the UBTI tax rules, and how best to structure the investment.
A Self-Directed IRA rollover is the most common way to transfer assets/funds from your current retiremnt plan to the self-directed IRA.
It’s easy to flip homes or engage in a real estate transaction with a Solo 401(k) plan. It’s as easy as writing a check from
A Self-Directed SEP IRA allows small business owners and the self-employed to make investments in both traditional investments as well as non-traditional investments.
When analyzing the Roth IRA distribution rules, it is important to examine them based on the origin of the Roth IRA funds.
Self-directed IRA rules do exist, and it’s important to know these rules to keep your IRA IRS compliant. Such rules include prohibited investments and disqualified persons.
When correcting a prohibited transaction, you must undo the transaction so as to not be penalized, or in the case of an IRA, lose your tax-exempt account.
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