6 Minute Read There is generally no annual filing requirement unless your Solo 401(k) plan asset exceeds $250,000, then IRS Form 5500-EZ must be submitted.
3 Minute Read IRS Form 990 2020 & UBTI & UDFI have all been updated for the taxable year and that means that there’s more to learn before taxes go out.
4 Minute Read How to set up a retirement plan that offers Solo 401(k) employer profit sharing contributions with different percentages for the owners.
3 Minute Read In Ball v. Commissioner, we are shown the exact way not to make an investment with IRA funds and how to avoid a huge tax bill.
4 Minute Read IRA Financial’s Adam Bergman Esq. explains why most employee expenses are not tax deductible and how self-employed individuals can receive federal tax deductions.
3 Minute Read In this special edition of Adam Talks, IRA Financial’s Adam Bergman Esq. discusses the election update and your retirement funds as it looks like Joe Biden will be the next president, while the Democrats hold the House and the Republicans will seemingly hold the Senate.
3 Minute Read IRA Financial’s Adam Bergman Esq. discusses new retirement legislation that has been introduced, dubbed SECURE Act 2.0, and how it may affect retirement savers if it becomes law.
6 Minute Read FBAR and Tax Reporting are required for any assets held outside of the US, even when owned by a Self-Directed IRA or Solo 401(k) plan.
3 Minute Read IRA Financial’s Adam Bergman Esq. discusses the recently announced contribution limits for 2021 for retirement plans, including the Solo 401(k), Self-Directed IRA, SIMPLE and SEP IRAs, along with a historical look at the limits.
3 Minute Read IRA Financial’s Adam Bergman Esq. discusses presidential hopeful Joe Biden’s proposed changes to the 401(k) plan if elected.