The Latest from Tim Berry
Court cases, IRS rulings and practical commentary on keeping your self-directed retirement plan compliant.
51 articles · Page 2 of 5
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Today was a big day in the IRA world. First off the Department of Labor came out with their proposal for fiduciary standards. In theory the proposal is…
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One of the dirty little secrets about self directed IRAs is that most of their owners have made a mistake or two with the investments. The only real…
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Tax Court released a new ruling saying the mere act of guaranteeing the assets of an IRA is a prohibited transaction. Nothing really new here but just…
daley · guarantee · prohibited transaction rules
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Tax Notes Today is reporting that the director of tax issues for the GAO announced on C Span that the GAO has accepted a formal request to look at how…
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At a recent conference an IRS employee talked about what are some of the triggers for an audit of a form 5500. The various triggers were: 1. Line items…
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What do you think would be a major warning that something is too complex? How about if you told people how to do something, offered instructions and all…
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Was reading a case today where the Department of Labor was saying an individual violated his fiduciary responsibilities by amongst other things, loaning…
erisa · prohibited transaction rules · prohibited transactions
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Have a thrift savings plan with the government? Running behind on your taxes? Bad news, President Obama just signed a bill that specifically allows the…
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On October 17th, a district court affirmed a bankruptcy decision that said the mere act of signing the Merrill Lynch IRA account app caused the IRA to be…
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Way back in 2008, the IRS issued some guidelines to a strategy they called the Rollover as Business Startup (ROBS). Reading between the guidelines (sorry…
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Are self directed IRAs about to be trampled due to the fight between the presidential candidates? Some Democrats in the house just wrote a letter about…
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One of the cardinal rules of IRAs is that they have to be “administered” by a bank, trust company, or something called a non-bank custodian. Apparently in…
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