Articles
2014 RETIREMENT PLAN & HSA CONTRIBUTION LIMITS
The IRS recently announced the 2014 retirement plan contributions limits. The only significant changes in contributions amounts were for SEP IRAs Defined Benefit Plans. SEP IRA annual maximum contributions increase in 2014 from $51,000 to $52,000. Defined Benefit...
Who is Prohibited to My Self-Directed IRA?
The prohibited transaction rules applicable to self directed IRAs prohibit not what your IRA can invest into but WHO your IRA may engage in a transaction with. For example, the prohibited transaction rules restrict my IRA from buying a rental property from my father....
IRAs and the UBIT/UDFI Tax Exception for REITs
An IRA may invest into a real estate investment trust. Real estate investment trusts ("REIT") are trusts whereby the company undertakes certain real estate activities (e.g. own or lend on real estate) and returns profits to its owners. An IRA may invest and be an...
New Case Answers Important Questions About IRA/LLCs
Can my IRA own substantially all of the ownership of an LLC? Can my IRA/LLC pay a salary to me for serving as the manager of the IRA/LLC? Last week the U.S. Tax Court issued an opinion in the case of Ellis v. Commissioner, T.C. Memo 2013-245 and answered both of these...
SEC FINALLY RELEASES NEW CROWDFUNDING REGULATIONS
The SEC finally issued their proposed regulations for Crowdfunding last week in a 538 page proposed set of regulations. These regulations are open for comment for 90 days and will then go into effect in their present or modified form shortly thereafter....
IRA/LLCs ARE ALIVE & WELL, DON’T BELIEVE THE FALSE RUMORS OTHERWISE
I've recently received numerous e-mails from clients regarding an article written on Sovereignman.com. In the article the author states that the IRS is no longer issuing Tax IDs to IRA/LLCs. The article references word of mouth information from an attorney although...
ADVERTISING NOW ALLOWED IN RAISING CAPITAL
The SEC's final regulations implementing the JOBS Act and allowing advertising in the raising of capital went into effect last week on September 23, 2013. This is a significant change in the laws relating to the raising of capital and is one that has been discussed...
IRA’s & CREDITORS: WHAT EVERY SELF DIRECTED IRA OWNER SHOULD KNOW
Many self directed IRA investors misunderstand or are unaware of the protections afforded to their IRA (Roth or traditional) as it relates to creditors and judgments. This article seeks to address the key areas of the law that every self directed IRA investor should...
3 KEY CONTRACT TERMS BUSINESS OWNERS & INVESTORS TAKE FOR GRANTED
Many business owners and investors are entering into contracts for investments, equipment, services, and other business needs. Many of these contracts contain "boilerplate" clauses at the end of the contract that are often overlooked and are taken for granted. This...
INHERITING AN IRA: STRETCH OPTIONS AND SEE THROUGH TRUSTS
When an owner of a retirement account passes away, their retirement account is passed on to the heirs of that account as they are designated on the account owner’s beneficiary designation form. The taxation and distribution rules are different depending on whether the...
