Self Directed IRA investors can now receive expert tax advice from a tax professional or CPA regarding federal tax filings and the IRS rules for making investments using retirement funds
The IRA Financial Group, the market’s leading provider of self-directed IRAs with checkbook control, has launched an expansion of its annual self-directed IRA LLC consulting services to include advisory services regarding federal tax filings specifically for the self-directed IRA LLC investor. With the increase popularity in using self directed IRAs to make investments, such as real estate, an increasing number of individuals with retirement funds have been seeking tax and accounting expertise with respect to the IRS rules surrounding the use of retirement funds to make non-traditional investments, such as real estate including partnership tax matters and the reporting of the unrelated business taxable income tax. Accordingly, the IRA Financial Group has expanded its annual self-directed IRA real estate LLC consultation services to include federal tax filings matters and related services.
When making a non-traditional investments with retirement funds, such as real estate, we at the IRA Financial Group believe it is crucial that all our clients are equipped to satisfy all IRA tax filing requirements, “ stated Adam Bergman, a tax partner with the IRA Financial Group. “Using a self-directed IRA LLC to buy real estate can trigger certain IRA filing requirements, especially if leverage is used, and we want to make sure the all our clients are well equipped to handle all potential IRS filing requirements,” stated Mr. Bergman.
When it comes to making investments using a self directed IRA, the Internal Revenue Code does not describe what a self directed real estate IRA could 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 qualified retirement plans for accumulation of retirement savings and to prohibit those in control of self directed from taking advantage of the tax benefits for their personal account. “We believe that our annual self-directed IRA LLC compliance service helps educate our clients on all the IRS prohibited transaction rules,” stated Jacky Ospina, a self-directed tax specialist with the IRA Financial Group.
Each self-directed IRA LLC client will have direct and unlimited access to our in-house tax and ERISA professionals and CPAs. Each client of the IRA Financial Group is assigned a tax professional and CPA order to ensure that the self directed IRA transaction is established is in compliance with IRS rules. “Our clients have worked hard their whole life for their retirement funds and we are dedicated to offering continual education materials regarding the IRS prohibited transaction rules and IRS federal tax filing matters”, stated Ms. Ospina.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP and Dewey & LeBoeuf LLP.
IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have 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 tax-free and without custodian consent!