Took longer than 60 days to rollover your IRA? A new court case could help.

In 2001 Congress enacted a law allowing the IRS to waive the 60 day IRA rollover requirement, “where the failure to waive such requirement would be against equity or good conscience, including casualty, disaster, or other events beyond the reasonable control of the individual subject to such requirement.” The way the waiver worked in the past Read more about Took longer than 60 days to rollover your IRA? A new court case could help.[…]

Tax time is investment time for your self directed IRA or self directed 401k

Yesterday I had a client call me up and explain that she was frustrated as her self directed account was only earning 1.2% in interest.  I suggested she look at doing hard money loans but she was a bit nervous about the idea. That got me to thinking about what would be a beginner’s investment Read more about Tax time is investment time for your self directed IRA or self directed 401k[…]

Who really owns your IRA LLC? Your self directed IRA?

Tons of people have set up IRA LLCs. The theory is that since they are the beneficiaries of the IRA they are indirectly the owners of the IRA LLC and the assets inside of the LLC.  There is another belief that the custodian or trustee of the IRA can’t take any action in regards to Read more about Who really owns your IRA LLC? Your self directed IRA?[…]