New self-directed IRA compliance & regulatory service will cover IRS prohibited transaction and unrelated business taxable income rules
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA and solo 401(k) Plans, announces the introduction of a new compliance & regulatory service will cover IRS prohibited transaction and unrelated business taxable income rules. IRA Financial Group’s new self-directed IRA compliance service will be available to anyone seeking expert consultation on the complex prohibited transaction rules surrounding Internal Revenue Code Section 4975 and the unrelated business taxable income (UBTI or UBIT) tax. “We have had many requests for a self-directed IRA compliance and regulatory service that will help people get answers to the complex questions they have concerning their self-directed IRA investment,” stated Adam Bergman, a partner with the IRA Financial Group.
The Internal Revenue Code does not describe what a Self Directed Roth IRA can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions. The purpose of these rules is to encourage the use of Roth IRAs for accumulation of retirement savings and to prohibit those in control of Roth IRAs from taking advantage of the tax benefits for their personal account.
According to Mr. Bergman, with a lack of adequate expertise in the marketplace on the self-directed IRA prohibited transaction and self-directed IRA UBIT rules, it is vital to offer the general public a service to help them navigate these complex rules which are so important to helping keep their self-directed IRA structure in full IRS compliance.
IRA Financial Group is the market’s leading provider of self-directed IRA LLC and Solo 401(k) plans. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.