The Self Directed IRA Checkbook Control solution is IRS and tax court approved.
With a Self Directed IRA with Checkbook Control an LLC is formed that is owned by the IRA and managed by the IRA holder (you) giving the IRA holder checkbook control over his or her IRA funds.
There are a number of advantages of using a Self Directed IRA Checkbook Control solution.
“Total Control”: With a Self Directed IRA Checkbook Control structure, you will no longer have to get each investment approved by the IRA custodian of your account. Instead, as the manager of the Self Directed IRA LLC, all decisions are truly yours. To make an investment, such as real estate, simply right a check and use the funds straight from your Self Directed IRA LLC bank account.
Investment Opportunities: With a Self-Directed IRA Checkbook Control solution, you will be able to invest your IRA funds in almost any type of investment opportunity that you discover, including: Real Estate (rentals, foreclosures, raw land, tax liens etc.), Private Businesses, Precious Metals, Hard Money & Peer to Peer Lending as well as stock and mutual funds; you’re only limit is your imagination. The income and gains from these investments will flow back into your Self Directed IRA LLC tax-free.
Low Custodian Fees: A Self-Directed IRA Checkbook Control structure will save you a significant amount of money on IRA custodian fees. With a Self Directed IRA Checkbook Control structure you no longer have to pay high IRA custodian fees based on account value and transaction fees. Whereas, with a Self Directed IRA Checkbook Control Structure, an FDIC backed IRS approved passive custodian is used. Once your custodian has transferred your retirement funds to the Passive Custodian, the Passive Custodian will immediately transfer your IRA funds tax-free to your new Self Directed IRA LLC.
Speed: With a Self-Directed IRA Checkbook Control structure, you as manager of the LLC will have the power to act quickly on a potential investment opportunity. When you find an investment that you want to make with your IRA funds, as manager of the LLC, simply write a check or wire the funds straight from your Self Directed IRA LLC bank account to make the investment.
Direct Access: With a Self-Directed IRA Checkbook Control structure, you, as manager of the LLC, will have direct access to your IRA funds allowing you to make an investment quickly and efficiently.
Limited Liability: With a Self-Directed IRA Checkbook Control structure, an LLC will be used to make the IRA investment. By using an LLC, all your IRA assets held outside the LLC will be shielded from attack.