Articles
Self Directed IRAs, Prohibited Transactions, and the IRS Statute of Limitations: Thiessen v. Commissioner
In the recent case of Thiessen v. Commissioner, 146 T.C. No. 7 (2016), the Tax Court considered how long the IRS has to allege a prohibited transaction against an IRA.
Can I Get Out of the Annuity I Bought with My IRA?
I’ve counseled many clients who used IRA funds to buy an annuity. Here are the most common questions I get, and what your options are for getting out.
UBIT Tax and Self-Directed IRAs: Three Key Tips Every Investor Should Know
UBIT is often misunderstood by self-directed IRA investors and their professional advisors. Let’s review three important tips to resolve the confusion.
Roth IRAs: Other Perks on Top of Tax-Free Growth
If tax-free investing isn’t enough to get you excited, rest assured: there are three more benefits to using a Roth IRA. Here’s what they are and why they matter.
Asset Protection for Your Self Directed IRA
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.
Prohibited Transaction Case Lesson: The Substance of the Transaction Matters
A prohibited transaction case from 2015 taught an important lesson for self-directed IRA investors: the substance of a transaction matters, not just its form.
What Not To Do With Your IRA/LLC or Checkbook Control IRA: Niemann v. Commissioner
In Niemann v. Commissioner, a successful real estate investor unknowingly used his IRA/LLC in a way that caused a prohibited transaction. Here’s what not to do with yours.
Self-Directed IRAs, Real Estate Crowdfunding, and UBIT Tax Explained
Real estate is the most common asset class for self-directed IRAs. Here’s how real estate crowdfunding works in an IRA, and when UBIT tax can apply.
Correcting Your IRA’s RMD Failures and Avoiding the Penalty
If you failed to take your required minimum distributions (RMD) from your self-directed IRA, then follow these steps to avoid paying the 50% penalty.
Fact and Fiction for IRA RMDs
The rules of when RMDs apply and to what accounts can be confusing: So, I have outlined some facts every retirement account owner should know.
